The difference between Acquisition and Procurement

When used as nouns, acquisition means the act or process of acquiring, whereas procurement means the purchasing department of a company.


check bellow for the other definitions of Acquisition and Procurement

  1. Acquisition as a noun:

    The act or process of acquiring.

    Examples:

    "The acquisition of sports equipment can be fun in itself."

  2. Acquisition as a noun:

    The thing acquired or gained; a gain.

    Examples:

    "That graphite tennis racquet is quite an acquisition."

  3. Acquisition as a noun (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.

  1. Procurement as a noun (uncountable):

    The purchasing department of a company.

  2. Procurement as a noun (countable):

    The act of procuring or obtaining; obtainment; attainment.

    Examples:

    "He was responsible for the procurement of materials and supplies."

    "I have a lot of experience in the procurement of construction materials and sub-contracts."

  3. Procurement as a noun:

    Efficient contrivance; management; agency.

    Examples:

    "They think it done by her procurement.'' -Dryden."

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