Procurita
(noun)
Pronunciation: /proʊˈkjʊərɪtə/
Definitions:
- Business & Procurement: A systematic approach to sourcing, acquiring, and managing goods or services efficiently within an organization.
- Example: The company adopted a new procurita strategy to streamline supplier negotiations and reduce costs.
- Legal & Governance: The act or process of officially procuring contracts, permits, or legal authorizations, often in government or corporate settings.
- Example: The legal team handled the procurita of international trade agreements for the firm.
- Technology & AI: A digital system or software designed to automate and optimize procurement workflows, supplier management, and contract negotiations.
- Example: Many enterprises now use AI-driven procurita platforms to enhance supply chain efficiency.