procurement
procurement Lexical Profile
procurement Game Scores & Validity
• noun
The action or process of obtaining or acquiring something, especially equipment, supplies, or services for a business or government organization.
"She was appointed to oversee the procurement of sustainable raw materials for the manufacturing plant."
The department or division within a company or institution responsible for sourcing and purchasing goods and services.
"All new vendor contracts must be reviewed and approved by procurement before any work begins."
Word Nuance & Usage
In corporate and supply-chain contexts, 'procurement' refers to the overarching strategic process of sourcing, negotiating, and establishing vendor contracts, whereas 'purchasing' refers more narrowly to the transactional act of ordering and paying for goods.
• Rhymes for procurement
Word Origin & Etymology
Late Middle English: from Old French procurement, derived from the verb procurer, from Latin procurare meaning 'to take care of or manage', from pro- ('on behalf of') + curare ('see to', from cura 'care').