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Procurement
also called Competitive bid and has one more synonym

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  1. the acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place and from the right source for the direct benefit or use of corporations, or individuals, g

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 26, 2009
  2. The revised acquisition process for major systems in industry and defense is shown in the next figure

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 26, 2009
  3. Simple procurement may involve nothing more than repeat purchasing

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 26, 2009
  4. Complex procurement could involve finding long term partners - or even 'co-destiny' suppliers that might fundamentally commit one organization to another

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 26, 2009
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