1. The act of obtaining or purchasing a substantial quantity of goods, services, or materials, typically involving significant financial expenditure and formal processes
The government announced a large procurement of medical equipment for hospitals.
O governo anunciou uma grande aquisição de equipamento médico para hospitais.
2. A significant purchasing transaction, often subject to competitive bidding and regulatory oversight
The company's large procurement of raw materials reduced production costs.
A grande aquisição de matérias-primas da empresa reduziu custos de produção.