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Acquisition


Source: Procurement Glossary Author: Paul Rogers Institute: CIPS - UK	Courtesy of

The word acquisition is sometimes used as a synonym for ‘purchasing’ in the context of the transactional processes associated with placing an order and arranging payment of the resulting invoice. Some commentators also use the term 'acquisition' as a generic term to subsume purchasing, sourcing, category management and procurement. When another company buys a company, ‘acquisition’ is frequently used to describe this process. See also Procurement.

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