Outsourcing vs. Procurement

Outsourcing vs. Procurement — Is There a Difference?
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Difference Between Outsourcing and Procurement

Outsourcingnoun

The transfer of a business function to an external service provider.

Procurementnoun

(uncountable) The purchasing department of a company.

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.

Procurementnoun

Efficient contrivance; management; agency.

They think it done by her procurement. -Dryden.

Procurementnoun

the act of getting possession of something;

he was responsible for the procurement of materials and supplies
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