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Direct Material Procurement

oboloo Glossary

Direct Material Procurement

Direct Material Procurement is the process of acquiring raw materials or components necessary to produce a finished product. As a part of the procurement cycle, it is integral to ensuring efficient and effective operations in any organization. It involves engaging suppliers, negotiating prices, assessing quality, placing orders and managing delivery timelines to ensure timely and cost-effective material availability. With proper direct material procurement, organizations can save money, increase efficiency and reduce operational risk.

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