Meaning of “global procurement” in the English Dictionary

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"global procurement" in Business English

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global procurementnoun [ U ]


the process by which an organization buys the products or services it needs for its work from organizations in all parts of the world:

The high-tech products maker was selected to be one of the company's four suppliers for its global procurement programme.

(Definition of “global procurement” from the Cambridge Business English Dictionary © Cambridge University Press)