procurement Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “procurement” in the English Dictionary

"procurement" in British English

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procurementnoun [U]

uk   /prəˈkjʊə.mənt/  us   /prəˈkjʊr.mənt/ formal
the process of getting supplies: a substantial budget for the procurement of military supplies
(Definition of procurement from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"procurement" in Business English

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procurementnoun [U]

uk   /prəˈkjʊəmənt/  us   /-ˈkjʊr-/ formal COMMERCE
the process by which an organization buys the products or services it needs from other organizations: He vows to cut procurement costs 10% by halving the number of global suppliers.procurement policy/procedure/rules We must ensure that the process follows strict EU procurement rules.
See also
(Definition of procurement from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “procurement”
in Chinese (Simplified) 采购…
in Chinese (Traditional) 採購…
What is the pronunciation of procurement?
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