Please ensure Javascript is enabled for purposes of website accessibility
Search
Accessibility Menu

What Is Procurement?

By Motley Fool Staff – Updated Nov 18, 2024 at 1:28PM

Key Points

  • Procurement includes sourcing, purchasing, and managing goods; it's crucial for operational success.
  • AI is reshaping procurement, boosting decision-making and efficiency in major firms.
  • Investors should monitor companies' procurement strategies as they significantly impact performance.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

Our Guides

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.