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 ?
When it comes to procuring, an agent's best defense is an offense.
Although the procuring agency signs the contract, the IG said, "As the prime contractor, SBA has ultimate responsibility for ensuring that companies comply with 8(a) BD regulations."
The model is also based on the number of labs interested in procuring a particular publication.
So in effect, time invested administering contracts equate to time lost procuring new purchase requirements.
The court reasoned that Horst clearly indicates that a taxpayer can realize a gain subject to taxation, and although he "never receives the money he derives money's worth from the disposition of [the source of the income] which he has used as money or money's worth in the procuring of a satisfaction which is procurable only by the expenditure of money or money's worth." The court thus concluded that Raymond controlled the source of the income and diverted the payment from himself to others as the means of procuring the satisfaction of his wants, by directing a portion of his judgment to his attorney.
''We may have to think about procuring tires from another maker,'' a company official said.
Access to the SHARE database creates an endless opportunity for the F/A-18 community to maintain their readiness rate by procuring required same configured spare parts throughout the NATO member countries.
Jacques Courtois acknowledged, without any prodding, that he had just returned from Versailles, where he had spent four days procuring himself.(25) In the gardens of the royal palace he had encountered someone who identified himself as the hairdresser of the comtesse de Provence, the king's sister-in-law.
Meanwhile, Pakistan Agriculture Storage and Services Corporation (PASSCO) has established over 200 wheat procurement centers for procuring wheat at official fixed rates across the country.
The pair was also responsible for procuring the buyer, Fairfield Residential, LLC.
To help ensure the success of this new program, MTMC has developed a regional structure for procuring transportation services in these contracts.
Major (Retd) Umer Farooq, the progressive grower and one of the leaders of Sindh Abadgar Board informed reporter that the government is procuring only fifth of the total wheat crop while remaining wheat is being sold in the open market.