procurement
UK: prəˈkjʊəmənt | US: prəˈkjʊrmənt
n. the action of obtaining or acquiring something, especially through effort or formal process.
n. (Business/Government) the process of purchasing goods or services for an organization.
procure<obtain> + ment<noun suffix>
- procure: From Latin procurare ("to take care of, manage"), combining pro- ("for") + curare ("to care"). Evolved to mean "obtain" in Middle English.
- ment: A suffix forming nouns indicating an action or resulting state (e.g., achievement, government).
Etymology Origin:
The word traces back to Latin procurare, reflecting a shift from "managing care" to "actively acquiring." The suffix -ment solidifies its meaning as a formalized process, aligning with modern bureaucratic or commercial contexts.
The procurement of rare materials delayed the project.
Government procurement policies prioritize transparency.
She handles procurement for a multinational corporation.
Efficient procurement reduces operational costs.
The team reviewed the procurement process for compliance.