What is another word for procurement?

207 synonyms found


[ pɹəkjˈʊ͡əmənt], [ pɹəkjˈʊ‍əmənt], [ p_ɹ_ə_k_j_ˈʊə_m_ə_n_t]

Synonyms for Procurement:

How to use "Procurement" in context?

It is no secret that procurement is one of the most important functions of an organization. Procurement can be described as the process of acquiring goods and services, and can involve anything from purchasing goods and services on the open market to awarding contracts to specific suppliers. In order to create a procurement process that is effective and efficient, it is important to understand the basics of procurement.

There are a number of things to consider when planning a procurement process, including the goal of the procurement, the budget available, the overall corporate strategy, and the needs of the various departments and divisions within an organization.

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