Procuring production materials
Description
Procuring production materials involves systematically sourcing, acquiring, and managing the essential raw inputs required for manufacturing goods or delivering services. This strategy ensures continuous production by identifying reliable suppliers, negotiating favorable terms, and maintaining optimal inventory levels. Effective procurement addresses challenges such as supply chain disruptions, quality inconsistencies, and cost fluctuations, thereby supporting operational efficiency, minimizing delays, and safeguarding product quality to meet organizational and market demands.
Broader
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Related
Value
SDG
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
- Fundamental sciences » Material
- Commerce » Purchasing, supplying
- Industry » Production
Content quality
Yet to rate
Language
English
1A4N
Q8337
DOCID
12783370
D7NID
205241
Editing link
Official link
Last update
Dec 3, 2024