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procurement |
Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia, Hutchinson | 0.03 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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| Within the government, and certainly within the Department of Defense Research, Development, Test, and Evaluation (DoD RDT&E) environment, procurements follow a common preferred evolution, and the Federal Acquisition Regulation (FAR) Part 2. Avotus WebAuction(TM) is an online reverse auction that has been specifically developed to support the complexities of communications procurements including pricing, as well as the capability to negotiate terms and conditions, service level agreements (SLAs) of wireless and other communication technologies and services. |
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