Procurement in Tamil
Definition:
The word “procurement” refers to the process of obtaining goods, services, or works from an external source, usually through a competitive bidding process. It is the act of acquiring, purchasing, or hiring something, such as materials, equipment, supplies, or labor, in order to meet a specific business need or requirement.
In a broader sense, procurement can include all the activities involved in planning, soliciting, evaluating, and contracting with suppliers to meet the organization’s needs. This can include tasks such as:
* Identifying and specifying the needed goods or services
* Soliciting bids or proposals from potential suppliers
* Evaluating and comparing the bids or proposals
* Awarding the contract to the successful bidder
* Managing the contract and ensuring delivery of the goods or services
Procurement is often associated with government contracting, but it is also used in private industry, non-profit organizations, and many other contexts where an organization needs to acquire goods or services from outside sources.
Some synonyms for procurement include:
* Buying
* Purchasing
* Acquiring
* Acquisitions
* Contracting
* Sourcing
* Supply chain management
In many industries, procurement is a critical function that requires careful planning, strategic decision-making, and effective negotiation skills. Procurement professionals work to ensure that the organization gets the best value for its money, while also meeting its needs for quality, timeliness, and reliability.
Translation of ‘Procurement ‘ in Tamil:
கொள்முதல்
Examples:
- Here are three unique example sentences using the word “Procurement”:
- 1. The company’s procurement team worked tirelessly to negotiate a better price for the urgently needed equipment, finally securing a 20% discount that would save the business thousands of dollars.
- 2. The university’s procurement office ensured that all purchases were made in compliance with regulations, allowing the administration to properly track and allocate funds for research grants and academic programs.
Synonyms:
services, Here are some synonyms for the word “Procurement”:
1. Acquisition
2. Purchasing
3. Acquisition of Goods and Services
4. Sourcing
5. Buying
6. Ordering
7. Obtaining
8. Getting
9. Acquisition of Supplies
10. Contracting
11. Acquiring
12. Obtaining Goods and Services
13. Tendering
14. Bidding
15. Supply Chain Management
Note that some of these words may have slightly different meanings or connotations, but they are all generally used to refer to the process of obtaining goods, or resources.
Antonyms:
or relationship, which is the opposite of establishing or procuring something.
4. Abandonment: This involves giving up or leaving something behind, which is the opposite of acquiring or retaining something through procurement.
7. Divestment: This refers to getting rid of or reducing ownership or control of something, which is the opposite of acquiring or increasing control or ownership through procurement.
Keep in mind that the antonyms of procurement may vary depending on the context in which the word is used., which is the opposite of procuring something.
2. Liquidation: This involves selling or getting rid of assets or inventory, agreement, Here are some antonyms for the word “Procurement”:
1. Disposal: This refers to the act of getting rid of or relinquishing something, which is the opposite of acquiring or retaining something through procurement.
5. Release: This refers to letting go or freeing something or someone, which is the opposite of obtaining or holding onto something through procurement.
6. Surrender: This involves giving up or yielding something, which is the opposite of acquiring or obtaining something through procurement.
3. Termination: This refers to ending or stopping a contract
Related Words: