procurement

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procurement

[prə′kyu̇r·mənt]
(ordnance)
The complete action or process of acquiring or obtaining personnel, materiel, services, or property from outside a military service by means authorized in pertinent directives.
More specifically, the action or process of acquiring or obtaining materiel, property, or services at the operational level, for example, purchasing, contracting, and negotiating directly with the source of supply.

procurement

The fancy word for "purchasing." The procurement department within an organization manages all the major purchases.
References in periodicals archive ?
ECI's proven track record of supplying highly reliable solutions for power companies, both in China and around the world, helped ECI win this competitive bid.
Winning this competitive bid from the Peace Corps was very exciting," explains Collo.
Through its public competitive bid process, Novation develops and manages contracts with more than 700 suppliers, both large and small.
LAUSD hired Allen Matkins Leck Gamble & Malloy to prepare a competitive bid and facilitate the selection process of a company to handle LAUSD's leases.
If the SAB concludes that AG Opinion 05-405 should be interpreted broadly then, approximately 90% of all school district contracts involving modular buildings would be excluded from piggyback funding and therefore force those districts to submit to the competitive bid process in order to obtain state funding.
We encourage the government to carry through with the competitive bid process and to award the contract to the company best able to provide quality health care services at the lowest cost.
City government refused to allow a competitive bid process until we spoke up.
MISSISSAUGA, Ontario -- Competitive Bid Awarded by Military OEM

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