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procurement

procurement
Noun
pl: procurements

Meanings

Nounprocurement

The act of obtaining goods, services, or supplies, typically for a business or government organization through a formal process.

The company has a dedicated department for the procurement of raw materials.

Nounprocurement

The process of acquiring something, especially with effort or difficulty.

The procurement of a visa for the trip took several weeks of paperwork.

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Last Updated: June 19, 2026Report an Error