procurement

Meaning

The action of obtaining or procuring something, especially for official purposes.

The action of obtaining or procuring something, especially for business or organizational use.

the process of obtaining goods or services, often for business or government

Example Sentences

The procurement of modern equipment has improved research accuracy.

The government ensured the procurement of medical supplies during the crisis.

The company focuses on the efficient procurement of raw materials.

Synonyms

acquisition, purchase, obtaining, securing, sourcing, purchasing

Entry 1

acquisition, purchase, obtaining, securing, sourcing

Entry 2

acquisition, sourcing, purchasing

Entry 3

acquisition, purchasing, sourcing, obtaining

Antonyms

sale, disposal, relinquishment, abandonment, loss, selling, forfeiture

Entry 1

sale, disposal, relinquishment, abandonment, loss

Entry 2

selling, disposal, forfeiture

Entry 3

loss, disposal

Collocations

procurement process, procurement department, public procurement