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procurement |
Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson | 0.02 sec. |
procurementThe fancy word for "purchasing." The procurement department within an organization manages all the major purchases. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| But City Administrative Officer Bill Fujioka said that while he recognized what the council was trying to do, he believed it was better to have an open competitive bidding system. Unless marketed on a limited and/or discrete basis at the seller's request, the loan sales usually receive extensive exposure in the market and undergo a highly competitive bidding process. Caplan's report also supports the competitive bidding process with some changes. |
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