Sourcing Manufacturing Materials
Manufacturing needs raw mateials and other supplies of the right quality at the right time. Poor quality inputs can lead to poor quality products. Delayed receipt of needed materials can disrupt manufacturing operations, leading to cost increases. So can purchasing materials at less than best available prices. Sourcing of manufacturing materials is thus a key activity affecting the profitability of businesses.
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T. Gopinathan -
Business should benefit the community as well as the businessperson.