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noun

procurement

the process of finding, acquiring, and purchasing goods or services

In a sentence

Six example sentences with procurement, each labelled with its topic.

  • The city's procurement office published every bid it received, hoping transparency would quiet rumors about favored contractors.

    Politics

  • A junior founder underestimates procurement, then waits eleven months while a hospital's committees work through their supplier checklist.

    Startups

  • Studio procurement handled everything from vintage typewriters to two hundred identical raincoats, all sourced before the first day of shooting.

    Movies

  • The procurement team negotiated a three year contract for office supplies that saved the company eight percent.

    Business

  • Public procurement law requires that any contract above the threshold be advertised and awarded through open competition.

    Law

  • Government procurement makes up a large share of demand in many economies, so its rules shape entire industries.

    Economics

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Found in these word lists

Found in 2 published word listsRecognized

Each source is a published word list that contains procurement. No exam board publishes an official GRE, GMAT or SAT list; GMAT words come from GRE lists and the Academic Word List.