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Procurement vs Outsourcing - What's the difference?

procurement | outsourcing |

As nouns the difference between procurement and outsourcing

is that procurement is the purchasing department of a company while outsourcing is the transfer of a business function to an external service provider.

As a verb outsourcing is

present participle of lang=en.

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

    outsourcing

    English

    Verb

    (head)

    • Noun

    (-)
  • The transfer of a business function to an external service provider

    • Antonyms

    * insourcing

    See also

    * botsourcing * crowdsourcing