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procurrment

 

Definitions from the Web

Procurement

Definition:

Procurement refers to the process of obtaining goods or services, typically for a business or organization, through purchasing, contracting, or negotiation.

Examples:

Noun: The company's procurement department is responsible for sourcing and purchasing all necessary materials for production.

Verb: The organization plans to procure new software to streamline their inventory management processes.

Related Products:

Procurement Software
Purchasing Management
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