procureobtain

Procureobtain is a neologism formed by blending procure and obtain. In informal or internal documentation, it refers to a consolidated action within procurement and supply chain management that encompasses both sourcing activities (procurement) and the act of taking possession (obtaining) of goods or services. The term is not widely recognized in standard dictionaries and has no formal definition in international procurement standards.

Etymology and usage vary by organization. As a nonstandard term, procureobtain is used to emphasize an end-to-end process that covers supplier selection, negotiation, purchase execution, and receipt and ownership transfer. Because it is not universally understood, it is most appropriate in internal plans, memos, or project documents where the meaning has been defined for the audience. Readers unfamiliar with the term may interpret it differently, so a clear definition is advisable when first used.

Relation to related terms: procureobtain is conceptually close to procurement, acquisition, and sourcing, but it is not a legal or formal term. It can serve as a shorthand within specific teams, provided its meaning is explicitly defined. When used in external communications or standardized procedures, it is better to use established terms or define procureobtain to avoid ambiguity.

Example usage: “The team will procureobtain the necessary components by identifying suppliers, negotiating terms, issuing purchase orders, and confirming delivery and transfer of ownership.” Caution is advised to ensure readers share the same definition.