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Allocation vs Procurement - What's the difference?

allocation | procurement |

As nouns the difference between allocation and procurement

is that allocation is the process or procedure for allocating things, especially money or other resources while procurement is (uncountable) the purchasing department of a company.

allocation

English

Noun

(en noun)
  • The process or procedure for allocating things, especially money or other resources.
    • The allocation of new permits is on a first-come, first-served basis.

    Derived terms

    * allocational

    Anagrams

    * ----

    procurement

    English

    (wikipedia procurement)

    Noun

  • (uncountable) The purchasing department of a company.
  • (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.
  • Efficient contrivance; management; agency.
    • They think it done by her procurement . -Dryden.

    Derived terms

    * chief procurement officer