127 Another Word for Procurements? – Procurements Synonyms & Antonyms

Want to say procurements differently? Here are other words for procurements and its similar synonyms and opposite words to say in unique way.


Meaning of procurements

The act of obtaining or acquiring something, especially goods or services, through a formal process.

Etymology of procurements

The word "procurements" originates from the Old French word "procurer," which means "to take care of" or "to manage"
This Old French word is derived from the Latin words "pro" (meaning "for" or "on behalf of") and "curare" (meaning "to take care of")
Historically, the term "procurement" referred to the act of managing or taking care of something, but over time, its meaning shifted to focus on the acquisition or obtaining of goods and services

Synonyms

acquisitions purchases buyouts takeovers mergers deals agreements contracts arrangements transactions negotiations settlements exchanges trades transfers assignments procure sourcing tendering bidding buying obtaining gaining getting acquiring collecting gathering amassing accumulating stocking storing hoarding requisitions solicitations invitations bids offers proposals quotations estimates tenders contracts agreements covenants understandings stipulations accords

Definitions

  • The act of obtaining something, especially goods or services, through a formal process
  • * The process of acquiring or purchasing goods, services, or works from an external source

Usage Examples

  • The company's procurement department is responsible for sourcing materials and equipment from external suppliers
  • * The government's procurement process for the new infrastructure project was rigorous and transparent
  • * The organization's procurement strategy aims to reduce costs and improve efficiency in its supply chain

Antonyms

disposals sales distributions relinquishments abandonments forfeits losses sacrifices surrenders yields giveaways donations gifts bestowals presentations relinquishes releases waivers dismissals rejections refusals denials

Related Adjectives

formal official legal contractual binding obligatory mandatory required necessary essential vital crucial important significant substantial considerable extensive comprehensive

Related Nouns

supplies materials equipment goods services contracts agreements transactions purchases acquisitions mergers takeovers deals arrangements negotiations settlements exchanges trades transfers assignments

Related Verbs

purchase acquire obtain get gain buy procure source tender bid negotiate settle exchange trade transfer assign manage administer oversee supervise
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