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Definitions from WordNet

Definitions from the Web

Term: Procurements

Description:

Procurements is the plural form of the noun procurement, which refers to the process of obtaining or acquiring goods, services, or works, typically through contracts or purchasing agreements. It involves various activities such as sourcing, negotiating, and selecting vendors or suppliers to fulfill organizational needs.

Senses and Usages:

1. Noun (Plural): Procurements

Example Sentence 1: Our company is currently evaluating multiple procurements for office furniture suppliers.

Example Sentence 2: The government announced a new set of procurements to support infrastructure development in the region.

2. Verb (Present participle): Procuring

Example Sentence 1: She is responsible for procuring raw materials for the manufacturing process.

Example Sentence 2: The team is procuring the necessary software licenses to upgrade our systems.

Related Products:

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• Procurement Management
• Purchasing Contracts
• Supply Chain Management