procurement Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “procurement” in the English Dictionary

"procurement" in British English

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procurementnoun [U]

uk   /prəˈkjʊə.mənt/  us   /-ˈkjʊr-/ formal
the ​process of getting ​supplies: a ​substantialbudget for the procurement ofmilitarysupplies
(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 ​organizationbuys the ​products or ​services it ​needs from other ​organizations: He vows to ​cut procurement ​costs 10% by ​halving the ​number of ​globalsuppliers.procurement policy/procedure/rules We must ensure that the ​processfollows 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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