Use Procurement in a sentence

Dictionary

PROCUREMENT [prəˈkyo͝ormənt]

NOUN
procurement (noun) · procurements (plural noun)

  • the action of obtaining or procuring something.
  • the action or occupation of acquiring military equipment and supplies.
Synonyms: obtaining . acquiring . gaining . gain . procuring . collecting . collection . attainment . appropriation . amassing . attainment . reaching . gaining . winning . acquirement . realization . accomplishment . fulfillment . fulfilling . effecting . implementation . execution . performance . engineering . conclusion . concluding . completion . completing . close . closing . finishing . consummation . success . fruition . effectuation . reification .

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See also: Procurement Agile Single Define

1. Procurement is the act of purchasing or otherwise taking possession of something, especially for business purposes.

2. Procurement definition is - the act or process of procuring; especially : the obtaining of military supplies by a government.

3. Procurement definition, the act of procuring, or obtaining or getting by effort, care, or the use of special means: The organ Procurement procedure is very complicated

4. What is Procurement process? Procurement is the entire process of identifying a need within the organization, obtaining the requirements and maintaining a good relationship with the vendors

5. When a need is confirmed, Procurement research identifies likely suppliers

6. Purchasing, on the other hand, is a sub-function in the process of Procurement

7. Although Procurement is an important component of a company’s business strategy, it often is used interchangeably with a variety of other related financial terms, such as purchasing, sourcing, and supply chain

8. Procurement is an umbrella term for a …

9. Procurement and supply management involves buying the goods and services that enable an organisation to operate in a profitable and ethical manner

10. Procurement is often responsible for up to 70% of companies' revenue, so small reductions in costs can have a huge impact on profits

11. Procurement refers to the process of identifying, shortlisting, selecting, and acquiring suitable goods or services or works from a third-party vendor through a direct purchase, competitive bidding, or tendering process while ensuring timely delivery in the right quality and quantity.

12. Procurement Partners helps drive compliance with preferred vendors and contracts

13. Most importantly, customers are able to reduce their annual spend by 10% or more with the compliance and process improvement that Procurement Partners brings.

14. The Commonwealth of Kentucky's eProcurement website is available twenty-four hours a day, seven days a week, to allow access to such features as vendor registration, browsing current bidding opportunities, viewing recent awards, and online bidding when permitted.

15. Sets state Procurement policies, offers purchasing services and training, and certifies small businesses

16. California Procurement and Contracting Academy (CalPCA) Access professional development courses and labs for state acquisition specialists to instill essential knowledge and …

17. What is a Procurement Process? It's the series of processes that are essential to get products or services from requisition to purchase order and invoice approval.Although we use Procurement' and purchasing' interchangeably, they slightly differ from each other.

18. While purchasing is the overarching process of obtaining necessary goods and services on behalf of an organization, Procurement

19. The Procurement Division acts as a liaison between Departments and is responsible for administering and enforcing purchasing policies and procedures; identifying and establishing Procurement strategies, methods and processes; and providing assistance with solicitation development, negotiations and contract awards.

20. Procurement synonyms, Procurement pronunciation, Procurement translation, English dictionary definition of Procurement

21. NASPO’s Procurement U is a multi-faceted education platform provided to members of the National Association of State Procurement Officials and other government Procurement professionals

22. Procurement U provides professional development opportunities, training, resources, publications and more that are specifically tailored to meet the needs of public Procurement officials and staff.

23. DAS Procurement Services is comprised of the following five programs

24. Amazon Business CTsource CTsource is a one-stop shop to register, manage, search, view and respond to all solicitation and contract related activities that DAS Procurement and DAS Construction Services are …

25. Role of Procurement within an Organization Overview Key Procurement Objectives: OBJECTIVE 1 – Support Operational Requirements OBJECTIVE 2 – Manage the Procurement Process and the Supply Base Efficiently and Effectively OBJECTIVE 3 – Develop Strong Relationships with Other Functional Groups […]

26. Business Procurement is the sourcing and purchasing of goods and services for business use from an external source

27. Individual businesses set Procurement policies that govern their choice of suppliers, products, and the methods and procedures that will be used to communicate with their suppliers

28. Many businesses use green and ethical Procurement.

29. A Procurement manager is a consultant or organization who works to supplement internal Procurement department of a company

30. The tasks performed by expert Procurement service provider includes strategic planning, supplier rationalization, supplier collaboration, implementing valuable practices, strategic negotiation and sourcing.

31. The Procurement Department assists in getting the City all the materials and services it needs to serve its residents

32. As of October 1, 2019, delegated Procurements under the control agencies of the Departments of General Services, Budget and Management, and Information Technology move under the delegated control of the Department of General Services Office of State Procurement.

33. BWS Procurement Portal Notices for professional services & sole source/exemption contracts are posted on the BWS portal

34. Go to: Procurement FAQs How to View

35. The Florida Department of Transportation (FDOT) Central Procurement Office is responsible for acquiring professional consultant services (engineering, architecture, landscape architecture, surveying & mapping, planning, and right of way acquisition), contractual services, and commodities related to the state highway systems.

36. 17,105 Procurement jobs available on Indeed.com

37. Apply to Procurement Specialist, Senior Procurement Specialist, Procurement Assistant and more!

38. Procurement works with schools, departments, vendors, and stakeholders to provide goods and services of the highest quality and value for the district

39. Find 5 ways to say Procurement, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus.

40. New Zealand Government Procurement (NZGP) has been exploring the use of technology to make it easier for agencies and suppliers to engage

41. A key part of this is an online platform that simplifies the Procurement process and reporting requirements.

42. Procurement is a critical function in support of the effective discharge of WHO mandate

43. Companies invest in Procurement solutions to facilitate spend management and control costs by directing purchases to approved suppliers as well as streamline the Procurement process

44. Today modern Procurement management system extends into strategic Procurement by combining supplier management, sourcing and contract management with the transactional procure-to-pay process.

45. Buy Better + Spend Better is our unique approach to Procurement, providing a one-two punch to drive significant savings

46. Buy Better is a supply-led effort that focuses on price and volume allocation, negotiating prices and terms, managing price risks, pooling volumes and contracts, shifting volumes to best-price suppliers and leveraging Procurement networks.

47. Procurement and acquisition management continues to be an increasingly important part of modern business

48. ProcurementIQ is a market intelligence partner providing a comprehensive range of products and services that meet the specific needs of Procurement departments and their clients

49. We offer category intelligence, RFP tools and custom Procurement research services.

50. : Core responsibilities of this position include: The Procurement and Contracting specialist position is a full-time, benefitted, exempt… position that performs a variety of technical tasks related to the Procurement of goods and services in accordance with establishes statues, policies and procedures…

51. The Commission maintains a Procurement List of products and services that have been placed in the AbilityOne ® Program, as referenced in FAR Subparts 8.0 and 8.7

52. Once a product or service is on the Procurement List, the Government must buy it from the organization designated by the Commission until the government no longer has requirements for that item, or until a

53. Procurement Portal Now AvailableAll current and prospective bidders, proposers, vendors, contractors and suppliers must register in BART's Procurement portal to download solicitations and become a plan holder

54. Procurement software solutions vary in terms of functionality, pricing and core technology

55. The primary objective of Procurement solutions is to manage and ease all

56. The Coupa Procurement system provides consumer e-commerce shopping ease and streamlines Procurement management processes so you can reduce costs while saving your employees valuable time

57. With Coupa Procure, you achieve the highest e-Procurement system adoption across all your users whether they’re employees, managers, finance or suppliers.

58. Procurement is called sustainable when it integrates requirements, specifications and criteria that are compatible and in favour of the protection of the environment, of social progress and in support of economic development, namely by seeking resource efficiency, improving the quality of products and services and ultimately optimizing costs.

59. Oracle Fusion Cloud Procurement

60. Oracle Fusion Cloud Procurement is an integrated solution that provides key insights and control over supplier qualifications and risk to ensure uninterrupted operations while maximizing cost savings, enforcing compliant spending, and improving profitability.

61. Procurement definition: Procurement is the act of obtaining something such as supplies for an army or other Meaning, pronunciation, translations and examples

62. Welcome to eProcurement System: The eProcurement System of India enables the Tenderers to download the Tender Schedule free of cost and then submit the bids online through this portal.

63. NC eProcurement allows government entities to aggregate their purchasing data in order to obtain better prices from suppliers

64. Additionally, NC eProcurement allows greater visibility into statewide Procurement information, allowing the State to determine what other goods and services should be …

65. Procurement - Translation to Spanish, pronunciation, and forum discussions

66. Principal Translations: Inglés: Español: Procurement n noun: Refers to person, place, thing, quality, etc

67. 1,649 Procurement Specialist jobs available on Indeed.com

68. Apply to Procurement Specialist, Senior Procurement Specialist and more!

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FAQ?

What are the differences between purchasing and procurement?

The term 'purchasing' is prevalent in a 'manufacturing / private' set-up. Whereas, the term 'Procurement' is used by government agencies. main difference between purchasing and procurement is that Procurement includes all activities of "supplier relationship management" while purchasing is just a part of SRM.

What is the difference between sourcing and procurement?

In brief:

  • Sourcing and procurement are two similar meaning terms used in any organization
  • Sourcing refers to simply buying and bringing products or services, whereas procurement encompasses many more activities apart from simply buying.
  • Sourcing is just a small part of the procurement process in a large organization
  • What are the functions of procurement?

    Procurement or purchasing is an important administrative function that employs the use of cost reduction and long-term strategic planning techniques to manage outgoing costs. The field of business procurement has three primary areas of focus: tendering, vendor management, and strategic purchasing.

    What does procurement mean in business?

    Procurement Definition: Procurement is the sourcing and purchasing of goods and services for business use from an external source. Individual businesses set procurement policies that govern their choice of suppliers, products and the methods and procedures that are going to be used to communicate with their suppliers.

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