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 ?
Additionally, from an administrative-overhead perspective, simplified acquisition offers no-cost local procurement department processing, an obviously attractive characteristic not necessarily available at all procurement organizations.
Historically, the local procurement offices considered PWBs a service rather than a supply because labor was required to manufacture each PWB.
The opportunities garnered by this strategy greatly benefited the PWB procurement.
Use of the Government-Wide Commercial Purchase Card and Ordering Officer was critical because orders may be placed without resorting to a procurement contracting officer or, after delivery, to utilize the Defense Finance and Accounting System (DFAS) in compliance with FAR 13.
2 million procurement was awarded in 70 days rather than the nominal 260 days using normal FAR Part 15--Contracting by Negotiation, contracting procedures.
First, since the technical requirements would likely exceed the capability of any "small or disadvantaged business," the procurement strategy directly conflicted with the government's policy in FAR 19.
Intelisys has made it simple for us to restructure our procurement process by enabling us to satisfy our functional, accounting, reporting and technical requirements," said Timothy Ameredes, Information Technology Manager, SDSU Business Services.
With Intelisys' solutions they are quickly redefining the role of the procurement department from a back office function to a strategic, revenue generating function," said Lloyd O'Connor, chief executive officer for Intelisys.
Headquartered in New York, Intelisys is a pioneer in providing complete Internet-based procurement applications that internetwork buyers with all of their suppliers.
NASA SEWP II Procurement for $829M (estimated value)
Over time, this program will deliver a set of tools and techniques known as the X/Open Procurement Method.
Other recognized procurement standards, such as POSIX and ISO, are subsets of the XPG4 Base specifications; therefore mandating the X/Open Brand gets a guarantee of conformance to all relevant standards.

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