procurements

Definitions

The action of obtaining or acquiring something, especially for a business or government.

The process of purchasing goods, services, or works from an external source.

Examples

The government has tightened its oversight of all public procurements to prevent corruption.

Our department is currently reviewing the procurements made during the last fiscal quarter.

Efficient supply chain management is essential for handling large-scale corporate procurements.

Synonyms

acquisitions purchases obtainment sourcing provisioning buying attainment

Antonyms

disposals sales losses divestments expenditures distribution surrender