The first phase in the supply chain is procurement and logistics management. It’s the hunt for the materials required to manufacture the items. We’re talking about the provision of raw materials, spare components, and other items that that may be necessary throughout the manufacturing process.
Furthermore, it encompasses the process of storing and transferring goods from one location to another. Logistics consulting firms are also in charge of maintaining purchase costs as low as possible. They make the procedure as cost-effective as possible by scrutinising regulations, terms, and conditions, and establishing suitable procurement operations.