procurement function
nounUK /prəˈkjʊəmənt ˈfʌŋkʃən/
US /prəˈkjʊrmənt ˈfʌŋkʃən/
The part of a company that buys the things it needs.
The procurement function ordered new computers for the whole office.
RELATED WORDS
OTHER MEANINGS
2. The official process of getting supplies for an organization.
The procurement function follows strict rules when choosing suppliers.
3. The job of finding and buying goods at the best price.
Her role in the procurement function is to compare prices from different shops.
4. The group of people who handle all buying for a business.
The procurement function works closely with the finance team.