English Lexicon

Procurement

/prəˈkjʊə.mənt/
nounCEFR B2 (Upper)Top #1500 frequency
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1 sense
As noun
  1. 1

    The action of obtaining or procuring something, especially services or supplies for a business or organization.

    "The company appointed a new director of procurement to oversee supply chain operations."

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Linguistic Origin & Historical Etymology

The term 'procurement' originates from the Latin word 'procurare', meaning 'to take care of' or 'to manage'. It evolved through Middle English, where it referred to the act of obtaining or acquiring goods and services, particularly in a business context.

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