Vocabulary Entry

procurement

|noun • verb

noun

The act of obtaining or acquiring goods, services, or works from an external source.

Example Sentences

"The procurement of new office equipment is essential for our productivity."

"She works in the procurement department, ensuring we get the best contracts."

"Efficient procurement processes can save the company a significant amount of money."

verb

Example Sentences

"The government plans to procure additional vaccines for the rollout."

"They need to procure supplies before the start of the project."

"The organization aims to procure funds for community development initiatives."