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procurement
(redirected from Procurement criteria)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
procurement
The 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.


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Ministry of Defence procurement criteria takes into account past performance, and Swan Hunter does not come away looking too good.
What is frustrating for local SMEs is that they find it difficult to get on to the supply chain because they don't understand the tendering process or can't meet the procurement criteria.
The COMBATT technology, which also includes Quadrasteer rear-wheel steering and a four-wheel jounce shock system derived from GM's off-road race trucks, will be evaluated by the Army over the next 18 months in order to establish performance and procurement criteria before opening the bidding process for this technology.
 
 
 
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