Acquisition Life Cycle

The Acquisition Life Cycle refers to the structured process organizations follow to identify, obtain, and integrate new assets or resources, such as products, services, or technology. It typically includes stages like planning, defining requirements, sourcing or selecting suppliers, contracting, and implementing the acquired item. After implementation, organizations evaluate the success and manage the ongoing use or maintenance. This cycle ensures that acquisitions align with strategic goals, optimize investments, and deliver value efficiently throughout their lifespan.