Difference between Procurement and Acquisition
What is the difference between Procurement and Acquisition?
Procurement as a noun is the purchasing department of a company. while Acquisition as a noun is the act or process of acquiring.
Procurement
Part of speech: noun
Definition: The purchasing department of a company.
The act of procuring or obtaining; obtainment; attainment.
Efficient contrivance; management; agency.
Acquisition
Part of speech: noun
Definition: The act or process of acquiring.The thing acquired or gained; a gain.
We hope you now know whether to use Procurement or Acquisition in your sentence.
