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

One big area of focus has been SAP’s generative AI copilot, Joule, which launched in September and by the end of this year, will be fully integrated with all major SAP cloud applications ranging from HR, finance, supply chain, and procurement. —John Kell, Fortune, 29 May 2024

The Export-Import Bank in Washington provided Vilnius with $600 million in export credit, and the Pentagon signed a procurement agreement with the country. —Didi Tang, Fortune Asia, 27 May 2024

But a delay in the procurement of armored vehicles and helicopters equipped for medical evacuations could push the deployment into early June, according to a U.S. official, who spoke on the condition of anonymity to discuss sensitive details of the mission. —Michael Wilner, Miami Herald, 22 May 2024

More could be done to nurture them, such as public innovation procurement in areas from health care to defense. —Chris Bradley, Fortune Europe, 22 May 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