procurement

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Procurement

The act of buying, especially for business purposes. This term is often used in the energy industries; for example, one may procure oil in order to refine it.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

procurement

see PURCHASING, BUYING PROCESS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
To gain volume, suppliers are more willing to work with procurement managers to harmonize specifications, and implement process and supply chain improvements.
The panellists commented that suggestions about bribery being rife among procurement managers in hotels is unfair, with professionals calling for more attention to be paid to the actions of suppliers and other hotel staff.
"Procurement managers have to have personality and they have to make sure the ex-com is challenged.
Opportunity Wales chief executive Christine Holvey, design agency managing director Neil Rylance and Conwy County Council corporate procurement manager David Ross at the Llandudno debate Picture: PHIL MICHEU
RADHA VALIATHAN Procurement manager - finance, Jumeirah Etihad Towers

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