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  2. Procurement vs. acquisition: The difference in government. The wider government acquisition process is typically the domain of federal organizations. State and local government leaders more often focus on the procurement process.
    appian.com/blog/acp/public-sector/procurement-vs-acquisition
    appian.com/blog/acp/public-sector/procurement-vs-acquisition
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    What is the difference between acquisition and procurement?Procurement is the more specific aspect of the broader acquisition process. It involves the process of obtaining goods, services, or assets from external sources. While acquisition has a broader scope, encompassing mergers and acquisitions. Activities such as supplier selection and contract management fall under acquisition.
    What is the difference between contracting and acquisition?Within the Federal Government, the terms “procurement”, “contracting”, and “acquisition” are often used interchangeably. Acquisition is the process the Department uses to enter into a contract with another party. The other party may be a private industry (both profit and non-profit), other Government agencies, or educational institutions.
    What is acquisition?Within the Federal Government, the terms “procurement”, “contracting”, and “acquisition” are often used interchangeably. Acquisition is the process the Department uses to enter into a contract with another party.
    How does the federal procurement process work?In the basic federal procurement process, acquisition personnel, after determining their agencies’ requirements (that is, the goods and services the agencies need), post solicitations on the federal government’s SAM.gov website.
     
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    WEBFeb 13, 2023 · While often used interchangeably, procurement and acquisition are two distinct resource strategies that fulfill two different needs with the help of various processes. In this short guide, you’ll learn …

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    WEBJul 27, 2021 · Fast Facts. The government buys a huge range of products and services, from military aircraft to common office supplies. We looked at how 7 leading companies manage procurement, and whether the …

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