What does procured mean in business?

What does procured mean in business?

Procurement is the act of obtaining goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale.

Does procure mean buy?

To procure something is to obtain or get it, especially through special means or extra effort. The word is especially used in the context of the formal, official process of purchasing and obtaining materials, supplies, or equipment, particularly in the context of business or government.

What is an example of procure?

Procure is to get or obtain something. When you get some cookies, this is an example of when you procure some cookies.

How is the word procure used in a sentence?

Procure sentence example. Is there anything I can procure for you? He used his influence to procure as much autonomy as possible for the province of Hanover, but was a strong opponent of the Guelph party. The doctor promised to procure it for him and began to ask how he was feeling.

What is self procured?

Self-procured, or independently procured, insurance refers to any policy that is bought from an insurance company not licensed in the state where the insured resides.

How do you use procure?

1[transitive] (formal) to obtain something, especially with difficulty procure something (for somebody/something) She managed to procure a ticket for the concert. They procured a copy of the report for us. procure somebody something They procured us a copy of the report.

What is meant by Procure to Pay?

Procure-to-pay is the process of integrating purchasing and accounts payable systems to create greater efficiencies. It exists within the larger procurement management process and involves four key stages: selecting goods and services; enforcing compliance and order; receiving and reconciliation; invoicing and payment.

Shall procure meaning?

To cause something to happen; to find and obtain something or someone. Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person available for sexual intercourse.

What does procure employment mean?

1 tr to obtain or acquire; secure.

What does non procured mean?

Definition and Types of Non-Procurement Contracts A contract which is revenue-generating or zero-dollar and does not involve a service provider (i.e., any person or entity that provides goods or services to the university) or a vendor.

What is self procured medical treatment?

Medical treatment of employee which has not been authorized by the employer. Return to the Glossary Home Page.

What is procuring means?

procured; procuring. 1 transitive : to get possession of (something) : to obtain (something) by particular care and effort procure a loan She had managed to procure a hat shaped like a life-size lion’s head, which was perched precariously on her head.— J. K. Rowling.

What do you mean procurement?

Procurement is the process of purchasing goods or services and is usually in reference to business spending.

Business procurement requires preparation,solicitation,and payment processing,which usually involves several areas of a company.

Procurement expenses can fall into several different categories,depending on the procurement demand.

What is procurement mean?

Financial Definition of procurement. What It Is. Procurement is a purchasing process that controls quantity, quality, sourcing and timing to ensure the best possible total cost of ownership. How It Works. Procurement may be a simple purchasing arrangement with a supplier.

What is the noun for procure?

The noun procurement can be countable or uncountable. In more general, commonly used, contexts, the plural form will also be procurement . However, in more specific contexts, the plural form can also be procurements e.g. in reference to various types of procurements or a collection of procurements .

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