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 ?
The relationship between these two variables and the procurements methods is that the projects procured by these two methods may differ in the level of planning done and the outcome of the projects.
The Pakistan Agriculture Storage and Supply Corporation (PASSCO) has procured 1.
Through this project, the e-journals were procured with a discount of between 60 and 90 percent, and access to archival materials was included.
What innovations have been procured for the soldier, and what new technologies are in the near future?
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.
All organizations rely upon the services of externally procured human capital to meet the mission and vision they seek to achieve.
16 million tons of the commodity has been procured so far as against the set targets of 4 million tons, he added.
Cushman & Wakefield represented the seller, Ivy Equities and procured the purchaser, RPW Group.
This contract was competitively procured with ten proposals solicited and one offer received.
This order brings the total amount of RCU's under contract to 698 units with 102 units remaining to be procured approximating $500,000.
ISLAMABAD, June 23, 2011 (Frontier Start): The provincial food departments and official grains procurement agency-Pakistan Agriculture Storage and Services Corporation (PASSCO) so far procured about 6.