procurement in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Procurement refers to the process of acquiring goods, services, or works from external sources, often involving strategic planning and management to optimize costs and efficiency.
Crossword clues for procurement
Crossword clue ideas and answer hints for the word "procurement".
- Acquisition of goods and services for an organization.
- Process of obtaining necessary supplies or resources.
- Strategic sourcing of products and services for efficiency.
- Act of securing resources from external vendors.
- Management of purchasing goods and services effectively.
Procurement sentence examples
- The company is focusing on improving its procurement processes to reduce costs.
- Effective procurement strategies can lead to significant savings in large organizations.
- She was responsible for the procurement of materials needed for the construction project.
- The government has strict regulations governing the procurement of supplies for public services.
- Sustainable procurement practices are becoming increasingly important in today's business landscape.