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 ?
It is worth mentioning that a J-gate portal is being procured by UGC-Infonet.
Meanwhile, he said that during the current campaign so far about 95,000 metric tons of the commodity was procured from the Sindh province as 15 procurement centers were also established there to save the farmers from the exploitation of the middleman and providing them the proper price of their output.
Meanwhile, he said that during the current campaign so far about 82,000 metric tons of the commodity was procured from the Sindh province as 15 procurement centers were also established in the province to save the farmers from the exploitation of the middleman and providing them the proper price of their output.
This sub-component will finance detailed design studies and related supervision activities (services will be procured on a base of QCBS) for Year 2, 3, and 4rehabilitation works under the Project, including the design of Safe Village schemes on project road sections.
We have procured the latest generation III image intensification (12) technology in goggles, monocles, and weapon sights for use by our soldiers and aviators.
Electric Default Service for large business customers will be procured competitively from the wholesale market quarterly with retail prices changing in May, August, November and February.
He said 34000 metric tons would be purchased through Mamonkanjan Center while 23000 metric tons wheat would be procured through Jaranwala Center and 16000 metric tons through Tandlianwala Center.
He informed that about 100,000 tons of wheat to be procured from Balochistan where as Pakistan Agriculture Storage and Services Corporation has assigned the task for procuring about 800,000 tons of wheat from across the four provinces.
This contract was not competitively procured because the hardware and software used at the shore sites was developed by Lockheed Martin and no other contractors have this maintenance capability.
All organizations rely upon the services of externally procured human capital to meet the mission and vision they seek to achieve.
He said that the wheat is being procured to fulfill the domestic requirements of the commodity as well as for keeping the strategic reserves, he added.