Procural (Noun)
Meaning
The act of getting possession of something; "he was responsible for the procurement of materials and supplies".
Classification
Nouns denoting acts or actions.
Examples
- The procurement of new equipment for the company's factory was delayed due to unforeseen budget constraints.
- Effective procurement is critical for a successful construction project as it helps reduce costs and save time.
- As a procurement manager, her role involves overseeing the acquisition of goods and services from various suppliers.
- In an effort to improve the company's supply chain, a new procurement strategy was put into place last year.
- Proper procurement of the materials ensured the successful completion of the event on schedule.