procurement
/pɹəˈkjʊə.mənt/ · pro.cu.reament
noun
- The purchasing department of a company. The procurement team is responsible for ordering office supplies.
- The act of procuring or obtaining; obtainment; attainment. He was responsible for the procurement of materials and supplies.
- Efficient contrivance; management; agency. They think it done by her procurement.
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Did you know? The term 'procurement' is commonly used in the context of government contracting, where it refers to the process of acquiring goods or services from external suppliers.