procurement

Meanings

• Noun or Verb

  The act of getting or obtaining something, especially through making a purchase or contract.

  - "The company undertook a large procurement project for new office equipment."
  - "The government procured services from various vendors to complete the construction project."

• Noun

  The process of obtaining goods or services from an external source.

  - "The procurement department handles all purchases for the organization."
  - "The procurement process can be lengthy and complex."

---

Rhymes

Words rhyming with procurement
adventure , venture , entertainment , excitement , adornment

---

Variants

List of all variants of procurement that leads to same result
procurement , procurements

---

Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'procurare,' meaning 'to take care of,' or 'to provide for.'

---

Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that procurement was once used as a military term to refer to the act of obtaining supplies and equipment for an army?

2. The procurement process can involve many different types of goods and services, from office supplies to complex technology systems.

3. Effective procurement can help organizations save money by ensuring they are getting the best possible price for the goods or services they need.

---

Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Supply Chain Management: Procurement is a key component of supply chain management, which involves managing the flow of goods and services from the original source to the end customer.

2. Contract Management: Procurement is closely related to contract management, which involves the negotiation, execution, and administration of contracts between buyers and sellers.

---

Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Procurement plays a significant role in various industries and organizations, particularly in business and government. It involves the process of identifying needs, researching potential suppliers, negotiating contracts, and managing the delivery and implementation of goods or services. Effective procurement can lead to cost savings, improved efficiency, and better quality.

How to Memorize "procurement"

1. visualize
   

   - Imagine the process of buying or obtaining something, such as a new car or a service contract.

2. associate
   

   - Associate the word with the idea of obtaining or acquiring something.

3. mnemonics
   

   - Create a mnemonic using the first letter of each word in the definition: 'People Obtain Contracts and Resources Under Effective Management.'

---

Memorize "procurement" using Dictozo

The best and recommended way to memorize procurement is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

   Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.