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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.


References in periodicals archive ?
Jonathan Webb, Head of Strategy Research at Procurement Leaders and the report's author, said: "We knew procurement had a significant role to play in helping to build the future product pipelines of their companies.
The new law requires state agencies to collect certain information about any person or organization contacting it about a procurement in attempts to influence same during the Restricted Period.
The opportunities garnered by this strategy greatly benefited the PWB procurement.
Please identify one site each to use and evaluate PPIRS-SR in source selection and best value procurements for a one-year period, and provide feedback and recommendations on its suitability and usability.
One of the problems with conducting auction-based procurement in Japan is the lack of inexpensive technology solutions.
Procurement cards differ from company-sponsored "travel and entertainment" (T&E) cards where the individual card user is typically responsible for payment.
As Tracey Pinson, a procurement analyst with the DoD, bluntly puts it: "Frankly, if one company doesn't satisfy our needs, we'll just go out and find another one.
And after the materials procurement process is under control, some predict the addition of services Like advertising, legal, and consultants to the e-procurement and supply chain management process.
Senior procurement executive, Defense Logistics Agency
Instead, we highlight that they represent contributing forces that have not been previously examined, in comparison to decreased procurement funding.
We need to have the people doing the work making the quality check - not compliance police,'' said Mitchell, a former Navy procurement officer who joined the MTA in 2000.
Department of Commerce has launched its new Commerce Standard Acquisition Reporting System (CSTARS), an enterprise-wide electronic procurement system built on CACI's Comprizon.

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