Procurement vs. Acquisition

Procurementnoun

(uncountable) The purchasing department of a company.

Procurementnoun

(countable) The act of procuring or obtaining; obtainment; attainment.

Procurementnoun

Efficient contrivance; management; agency.

Procurementnoun

The act of procuring or obtaining; obtainment; attainment.

Procurementnoun

the act of getting possession of something;

Procurement

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.

Acquisitionnoun

The act or process of acquiring.

Acquisitionnoun

The thing acquired or gained; a gain.

Acquisitionnoun

(computing) The process of sampling signals that measure real world physical conditions and converting these signals into digital numeric values that can be manipulated by a computer.

Acquisitionnoun

The act or process of acquiring.

Acquisitionnoun

The purchase of one commercial enterprise by another, whether for cash, or in a trade of stock of the purchasing company for that of the purchased company.

Acquisitionnoun

The thing acquired or gained; an acquirement; a gain; as, learning is an acquisition.

Acquisitionnoun

the act of contracting or assuming or acquiring possession of something;

Acquisitionnoun

something acquired;

Acquisitionnoun

the cognitive process of acquiring skill or knowledge;

Acquisitionnoun

an ability that has been acquired by training

Acquisitionnoun

an asset or object bought or obtained, typically by a library or museum

Acquisitionnoun

a purchase of one company by another

Acquisitionnoun

the buying or obtaining of assets or objects

Acquisitionnoun

the learning or developing of a skill, habit, or quality