supply chain

Indirect procurement

Unveiling the Power of Indirect Procurement

In today’s rapidly evolving business landscape, procurement strategies have become pivotal for organizations aiming to accomplish operational excellence and maximize their competitive advantage. While direct procurement deals with the acquisition of goods and services directly related to the core business, indirect procurement plays an equally crucial role in supporting and enabling essential operations. In this

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procurement

what is procurement in Supply chain

Procurement plays a significant role in every business organization, simply procurement can be defined as the process of acquiring goods and services to accomplish business goals and objectives. In this article, we discuss critical areas of procurement such as the meaning of procurement, the importance, procurement process, different types of procurement, procurement stages, and the

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Logistics management

What is Logistics Management – An overview

Meaning of Logistics Management Logistics management can be defined as one of the components of supply chain management which is consist of planning, implementing, and controlling the flow and storage of Goods & services and other information from origin to point of consumption to reach customer requirements. The logistics process starts with raw material accumulation

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