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 ?
Ninety percent of all procurements within the organization consisted of electronic components and devices, clearly making that area the new target.
Lee Director, Defense Procurement and Acquisition Policy
"Some people feel it's their right to do business with us," says Joset Wright, vice president of procurement and property services for Ameritech in Chicago.
As representatives of these organizations pointed out during the presentation of the report at today's press conference in Sarajevo, despite the large number of complaints filed with the Public Procurement Agency, the adequate response of the competent institutions and the judiciary is still lacking.
He said one of the major goals of public procurement is good value for the government, which can be ensured through vigorous competition.
Pakistan decided to establish Public Procurement Regulatory Authority (PPRA) at the federal level, under the Public Procurement Regulatory Authority Ordinance 2002 followed by the promulgation of Public Procurement Rules in 2004.
Managing Director, Punjab Procurement Regulatory Authority (PPRA), Ali Bahadur Qazi also attended the inaugural session of the training.
The Director of the Public Procurement Bureau, Aleksandar Argirovski, emphasized that this modification will raise the quality of the public procurement process and will make it easier for suppliers in public procurement procedures.
This guide will serve as the best tool to overcome common mistakes in the procurement or problems inherent in traditional procurement processes such as incomplete management information, inefficient procedures, unusual delays, high compliance costs for suppliers and departments, simplistic and inferior procurement methodologies, and a profound lack of transparency.
We work within public sector procurement guidelines, and our procurement system is ISO-9000 certified.
But do we really have such an archaic public procurement system that civil servants have to embrace irregularities, if they want to deliver?

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