pro·cure·ment

[proh-kyoor-muhnt, pruh]
noun
1.
the act of procuring, or obtaining or getting by effort, care, or the use of special means: The organ procurement procedure is very complicated.
2.
the act of obtaining equipment, materials, or supplies: The secretary of defense argued in favor of increasing the budget for procurement.

non·pro·cure·ment, noun
self-pro·cure·ment, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
procurement (prəˈkjʊəmənt) [Click for IPA pronunciation guide]
 
n
1.  the act or an instance of procuring
2.  commerce
 a.  the act of buying
 b.  (as modifier): procurement cost; procurement budget

Collins English Dictionary - Complete & Unabridged 10th Edition
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00:10
Procurement is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
a chattering or flighty, light-headed person.
Etymonline
Word Origin & History

procurement
c.1300, from O.Fr. procurement (13c.), from procurer (see procure). Military use is from 1957.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
They had their own printers, support staff, procurement channels and various
  other bits to run their environment.
All told, the report says, the division had no formal procurement policy.
And this probably understates likely cost savings because it is based on lower
  procurement costs alone.
At this stage, let me tell how our procurement and organisation works.
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