procurement

Definitions of "procurement"
  1. A process involving the acquisition of something
  2. The process in which materials, equipment, services, or construction are rented, bought, leased, or sold
How to use "procurement" in a sentence
  1. The company's procurement process is designed to ensure fairness in the selection of vendors.
  2. The procurement of new school equipment depends on the allocation of funds from the education budget.
  3. The government's policy on the procurement of goods and services adheres to maximum value for taxpayer dollars.

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