What Does PRD Stand For?
PRD stands for ProcurementRequirementsDocument
A Procurement Requirements Document (PRD) is a formal document that outlines the specific needs and criteria for procuring goods or services. It serves as a comprehensive guide for stakeholders, detailing requirements such as product specifications, quality standards, delivery timelines, and budget constraints. The PRD ensures alignment between the procurement team and other departments, facilitating a clear understanding of project objectives and enabling effective vendor selection and contract negotiation.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym