The Importance of Procurement in Supply Chain Processes
Procurement has a big job. They need to find the right part with the best price within the delivery timeframes needed to meet demand. And they need to manage many, many vendors. And put out RFPs/RFQs. And be sure that all components are flowing through the inventory cycle as expected. And a hundred other moving parts. If procurement is not handled properly, it adds time to the customer experience and it adds to the overall cost.
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