What context can I use each word in?
Learn when and how to use these words with these examples!
acquisition
Example
The acquisition of new technology has greatly improved our productivity. [acquisition: noun]
Example
The company announced its acquisition of a smaller startup. [acquisition: noun]
Example
The sales team is focused on customer acquisition this quarter. [acquisition: noun]
procurement
Example
The procurement department is responsible for sourcing and purchasing all office supplies. [procurement: noun]
Example
The company's procurement policy emphasizes sustainability and ethical sourcing. [procurement: noun]
Example
The team's procurement of funding was a critical step in launching their new project. [procurement: noun]
Good things to know
Which word is more common?
Procurement is more commonly used in business contexts, particularly in the context of supply chain management or purchasing. Acquisition is less common but is often used in the context of mergers and acquisitions or business growth.
What’s the difference in the tone of formality between acquisition and procurement?
Both acquisition and procurement are formal words that are commonly used in business contexts. However, acquisition may be more formal and strategic in tone, while procurement may be more operational and routine in tone.
