procurement

Acquisition of goods and services

EntityQ829492

Subclass of: trade
, acquisition
Part of: supply chain management

Overview

From Wikipedia, the free encyclopedia · Read full article · Text CC BY-SA 4.0

Procurement is the commercial process of purchasing goods, services, or other works from external sources, and agreeing the terms on which they will be supplied. Major procurement activity may involve the use of a tendering or competitive bidding process. When a government agency buys goods or services through this practice, it is referred to as government procurement or public procurement. Those who work in procurement tend to be known as procurement agents or purchasing agents. The term "procure" may also refer to a contractual obligation to "procure" something, i.e. to "ensure" that the thing is done.

Overview

All data

23 statements · 30% with external sources · numbers in brackets are citations

Partially coincident with: complex sales
supply management
Uses: purchase order

On other databases

18 identifiers linking procurement across the web's reference databases

Data quality

statements

30%

externally sourced

Source last edited September 28, 2026. AIDB refreshes this page daily.

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AIDB. (2026). procurement (Q829492). Retrieved from https://aidb.si/e/procurement-Q829492