Acquisition vs. Procurement
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Difference Between Acquisition and Procurement
Acquisitionnoun
The act or process of acquiring.
The acquisition of sports equipment can be fun in itself.Procurementnoun
(uncountable) The purchasing department of a company.
Acquisitionnoun
The thing acquired or gained; a gain.
That graphite tennis racquet is quite an acquisition.Procurementnoun
(countable) The act of procuring or obtaining; obtainment; attainment.
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.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.
Procurementnoun
Efficient contrivance; management; agency.
They think it done by her procurement. -Dryden.ADVERTISEMENT
Acquisitionnoun
the act of contracting or assuming or acquiring possession of something;
the acquisition of wealththe acquisition of one company by anotherProcurementnoun
the act of getting possession of something;
he was responsible for the procurement of materials and suppliesAcquisitionnoun
something acquired;
a recent acquisition by the museumAcquisitionnoun
the cognitive process of acquiring skill or knowledge;
the child's acquisition of languageAcquisitionnoun
an ability that has been acquired by training
