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procurement
by 趙永祥 2015-06-03 07:28:41, Reply(0), Views(417)



 
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Term of the Day

Date: Friday, May 29, 2015

procurement

The act of obtaining or buying goods and services. The process includespreparation and processing of a demand as well as the end receipt andapproval of payment. It often involves
(1) purchase planning,
(2) standards determination, 
(3) specifications development, 
(4) supplier research and selection, 
(5) value analysis, 
(6) financing, 
(7) price negotiation, 
(8) making the ...
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Usage Example
The accountant stated that the budget for procurement needed to increased, so they could afford new equipment for this quarter.