procurement (C1)

noun

Pronunciation: /prəˈkjʊərmənt/

Definition

The action of obtaining or procuring something.

Examples

• The procurement of essential medicines is a priority for the health ministry.

• Effective procurement strategies can lead to significant cost savings for businesses.

• The government has strict regulations regarding the procurement of defense equipment.

How to Use procurement

procurement of (prepositional phrase)

The act of obtaining a specific item or service. — "The procurement of new technology was essential for the company's growth."

Synonyms of procurement

Words with a similar meaning to procurement:

• obtaining
• acquisition
• purchasing
• sourcing

Antonyms of procurement

Words with the opposite meaning to procurement:

• disposal
• sale

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