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procurement
(redirected from Procurement criteria)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.

procurement

Obtaining stock and plant for the purposes of production. The Internet has simplified the procurement of stock. A number of industry-specific vertical portals facilitate electronic procurement.



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Ministry of Defence procurement criteria takes into account past performance, and Swan Hunter does not come away looking too good.
What is frustrating for local SMEs is that they find it difficult to get on to the supply chain because they don't understand the tendering process or can't meet the procurement criteria.
The COMBATT technology, which also includes Quadrasteer rear-wheel steering and a four-wheel jounce shock system derived from GM's off-road race trucks, will be evaluated by the Army over the next 18 months in order to establish performance and procurement criteria before opening the bidding process for this technology.
 
 
 
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