Capital Item Definition in procurement is the term used to describe items that have a significant financial, strategic, or technological value that are acquired primarily to improve or increase productive capacity or efficiency. This includes office equipment, vehicles, technology systems, and other tangible items like furniture and fixtures. Capital items have long-term use and have often have an expected lifespan of greater than one year – making them an ideal choice for businesses looking to maximize their investment. By understanding the distinction between capital and non-capital items, companies can make informed decisions about their purchasing that will benefit both short- and long-term goals.