procurement
noun/proʊˈkjʊrmənt/
Frequency rank: #6,210 of 20,003 in the WORDED list (wordfreq data)
Meaning
The process of obtaining goods or services, especially for a business or organization.
Example sentence
The company's procurement team worked hard to find the best suppliers at the lowest cost.
Synonyms & related words
- purchasing
- acquisition
- sourcing
- buying
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