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.

procurement

see PURCHASING, BUYING PROCESS.
References in periodicals archive ?
Acting Registrar, Mr Abubakar Gana, disclosed that the 8,000 biometric machines were procured at the rate of N500 million while the 20 Toyota Hilux vans were procured at 327,800,000.
Amanullah said that wheat was being procured at the rate of
The spokesman said that these vehicles were procured purely for service delivery and the Primary and Secondary Healthcare Department remains committed to provide services to the people of Punjab with dedication and commitment and ensures that none of the essential services or supplies are compromised at any cost.
The Deputy Food Security Commissioner said that Sindh has procured over 485,000 tons of wheat against the set targets of 1.3 million tons for current crop season.
According to the latest statistics, Punjab, Haryana and MP have procured 12.98 million tons, 8.65 million tons and 8.5 million tons wheat under minimum support price (MSP) respectively for the year 2011-12 by last week.
(2004) showed that planning plays a major role in the success or failure of projects or the methods by which they are procured. The importance of planning in project success prompted the evaluation of the level of planning done and the outcome of projects procured by DL and DBB which are the prominent methods of procuring construction projects in Nigeria.
The Committee revised the number of general purpose helicopters to be procured.
Shakeel Ahmad khan told APP that Punjab has procured about 3.4 million tons of wheat as against the set target of 4 million tons during the current financial year.
These numbers include some duplicates, as the same title may be procured by many different laboratories.
New equipment procured at Military Ocean Terminal Sunny Point is expected to save money and improve the container throughput capability in the terminal.
* providing unique terms, conditions and requirements to the assisting agency for incorporation into the order or contract as appropriate to comply with all applicable DoD-unique statutes, regulations, directives and other requirements (e.g., the requirement that all clothing procured with DoD funding be of domestic origin); and
This is greatly so because the principal metrics classically established, in order of importance, consist of (1) contract dollars procured, (2) number of contract awards, and (3) procurement administrative lead time (PALl), which is the total time it takes to award a contract--the quicker the better.