procurement

noun

pro·​cure·​ment prə-ˈkyu̇r-mənt 

prō-

: the act or process of procuring

especially : the obtaining of military supplies by a government

Examples of procurement in a Sentence

Recent Examples on the Web

For the purchasing team, and procurement, it’s been a fantastic journey to really start from the beginning of the chain and work alongside producers. —Krista Stevens, Longreads, 10 July 2024

Nimble newer defense suppliers such as Anduril and Palantir—companies rooted in the innovative tech sector—could also help the Pentagon develop procurement processes better suited to the twenty-first century. —Robert C. O’Brien, Foreign Affairs, 18 June 2024

Since then, Brussels has launched probes into Chinese behavior in several other industries, including wind turbines, iron or steel products coated with Chinese tin, and procurement of medical devices. —Alena Botros, Fortune Asia, 17 June 2024

This procurement approach for this new round of contracts, known as NSSL Phase 3, is different from the way the military previously bought launch services. —Stephen Clark, Ars Technica, 14 June 2024

Word History

First Known Use

14th century, in the meaning defined above

Legal Definition

procurement

noun

pro·​cure·​ment

1

: the act of procuring

2

: the purchasing, leasing, renting, or selling of materials, services, equipment, or construction