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Procurement

usgb/prəˈkjʊrmənt/Volume
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Business Focus

Procurement specifically refers to buying for businesses or organizations, not personal shopping.

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He works in procurement, dealing with suppliers and contracts.
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Strategic Activity

In a company context, procurement involves strategy, like finding cost-effective suppliers.

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Procurement teams often negotiate to lower costs for the company.
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Not Just Buying

Procurement includes researching, planning, and acquiring, not just the act of purchasing.

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Her procurement role also involves quality checks of the products bought.
Visual representation of the word "Procurement"

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