The Standards Engineeer - Glossary

GLOSSARY A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z

Procurement

Resume
Name

Procurement

Source

Wikipedia

Description

"Procurement is the acquisition of goods and/or services.

It is favorable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location.

Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion."

See also: