The meaning of PROCUREMENT is the act or process of procuring; especially : the obtaining of military supplies by a government.
The meaning of PROCUREMENT is the act or process of procuring; especially : the obtaining of military supplies by a government.
Definitions ofprocurement: noun:the act of getting possession of something Example:"He was responsible for the procurement of materials and supplies" Related words...Descriptive words...
More Definitions ofGovernmental Procurement Governmental Procurementmeans: (i) the preparation or terms ofthe specifications,bid documents,request for proposals, orevaluation criteriafor a procurement contract, (ii) solicitation for a procurement contract, (iii) evaluation of a procurement contract, (iv)...
More definitions Pro rata freight Probability Probability distribution (of a random variable) Probit model Process innovation View more Sources & references Arti AI Financial Assistant FinanceInvestingTradingStock MarketCryptocurrency Arti is a specialized AI Financial Assistant at Invezz, create...
More Definitions ofDirected procurement Directed procurementmeans a procurement of aprocurement itemin Sample 1Sample 2Sample 3 Related toDirected procurement Contracted Processormeans a Subprocessor; FIRM PROCUREMENTmeans the agreement between the parties for mutually agreed terms and conditions with commitmen...
Understanding procurement begins with an understanding of the terms associated with it. Procurement refers not just to activities done by the purchasing department. The term also includes work done in inventory, shipping, receiving, and a number of other departments, which are in charge of dealing ...
Bottom-line impact is the only definition of savings that matters. Many of the classic procurement definitions of savings, which focus on price and often with anti-inflationary cost avoidance included, are not the primary objective. Instead, the goal is year-on-year profit improvement in line w...
Here are the definitions of each: Flexible contracting: This approach allows terms within a contract to adapt to changes in the business environment or market conditions. Fixed-price agreements: A contract where the price for goods or services is agreed upon in advance and remains unchanged regardl...