procurement
Pronunciation: [prəˈkjʊrəmənt]
Word
Context: "business"
(noun) the process of getting or buying goods and services for a business or organization. It’s like when a school needs new books and someone is responsible for finding and buying them.
Example
The company's procurement department successfully found a great deal on new computers.
Example
Due to delays in procurement, the project was set back and could not start on time.
Example
What steps do we need to take for the procurement of the new office supplies?
Context: "government"
(noun) the act of obtaining goods and services by government agencies. It’s similar to how a city buys materials to build a park or maintain a road.
Example
The government’s procurement process aimed to support local businesses.
Example
The report showed that there were issues in the procurement practices of the department.
Example
How does the government ensure fairness in its procurement process?
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