Acquisition methods refer to the various strategies organizations use to obtain goods, services, or assets. Common methods include purchasing, leasing, and renting. Each method has its advantages and disadvantages, depending on factors like cost, duration of use, and financial flexibility. Another important aspect of acquisition methods is the sourcing process, which can involve direct negotiations, competitive bidding, or using intermediaries. Organizations often evaluate potential suppliers based on criteria such as price, quality, and reliability to ensure they make informed decisions that align with their goals.