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VORADictionaryB2Procurement
CEFR B2 — Upper-Intermediate

Procurement

Definition

The process of finding, buying, or obtaining goods, services, or works from an external source, often through a formal bidding or tendering process.

Example Sentences

1The company's procurement department is responsible for sourcing high-quality materials at competitive prices.
2Is the procurement process for government contracts transparent and fair?
3The new procurement policy aims to reduce costs and increase efficiency in the supply chain.
4If you were in charge of procurement, how would you ensure that the company gets the best value for its money?
5There are several procurement options available for this project, including outsourcing and in-house production.

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