procurement

Language: en

🇬🇧 /prəˈkjʊəmənt/ 🇺🇸 /proʊˈkjʊrmənt/

📖 Definitions

  1. noun
    The process of obtaining or acquiring goods, services, or works from an external source, typically through a formal purchasing process.; The act of obtaining or acquiring something, especially by effort or special means.; The act of procuring a person for purposes of prostitution; pimping.

🔗 Details

Word forms

countable / uncountable Plural: procurements

Collocations

procurement processpublic procurementprocurement policyprocurement officerprocurement departmentprocurement strategy

Derivatives

procureprocurableprocurerprocurement officer

Synonyms

acquisitionpurchasingsourcingobtainingbuying

Antonyms

disposaldivestiture

Commonly confused

purchase
EN: 'Purchase' is a more general term for buying anything; 'procurement' implies a formal, strategic, or organizational process of obtaining goods or services.
acquisition
EN: 'Acquisition' is broader and can refer to obtaining companies, assets, or skills; 'procurement' specifically refers to the process of sourcing and buying goods/services.

Spelling tips

EN: Remember 'procurement' has a single 'r' (not 'procurrement') and retains the 'e' before 'ment'.

💬 Examples

  1. The company's procurement department is responsible for sourcing raw materials from approved suppliers.

  2. The procurement of evidence was a lengthy and difficult process for the investigators.

  3. He was charged with procurement after police discovered he had been arranging clients for sex workers.