Procurement example sentences

In Suhasini s organisation the objective is procurement and sale of traditional Indian handloom and handicraft items.The increased food grains procurement at enhanced MSP# is the result of the pressure exerted by leading foodgrain producing states, such as Punjab, Haryana and Andhra Pradesh.The idea is to serve the customers at a point which is nearest to their residence or work place, rather than attracting them to a central place; The manufacturing/procurement of merchandise for all the retail units is centralised at the head office, from where the goods are despatched to each of these shops according to their requirements.The financial requirements of an enterprise do not end with the procurement of fixed assets.The exporter then proceeds with the production or procurement of the goods and gets them inspected from Export Inspection Council.The focus of the policy is on growth in agriculture production and on fixing the support price for procurement of wheat and rice, to maintain their stocks.Moreover, as the procurement is concentrated in a few prosperous regions (Punjab, Haryana, Western Uttar Pradesh, Andhra Pradesh and to a lesser extent in West Bengal) and mainly of two crops wheat and rice increase in MSP has induced farmers, particularly in surplus states, to divert land from production of coarse grains, which is the staple food of the poor, to the production of rice and wheat.It's distinguished characteristics are: an economic activity, production or procurement of goods and services, sale or exchange of goods and services for the satisfaction of human needs, dealings in goods and services on a regular basis, profit earning, uncertainty of return, and element of risk.The government also announces minimum support price, remunerative and procurement prices for important crops to check the exploitation of farmers by speculators and middlemen.As there is central procurement/manufacturing, the multiple-shop organisation enjoys the economies of scale.The system, including the minimum support price and procurement has contributed to an increase in food grain production and provided income security to farmers in certain regions.As per AS-3, operating activities are the activities that constitute the primary or main activities of an enterprise, for example, for a company manufacturing garments, procurement of raw material, incurrence of manufacturing expenses, sale of garments, etc., the cost of procurement of funds and cost of utilising the funds.

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