We recently ran a poll on Beroe LiVE to seek answers for two fundamental questions: a) What percentage of employees work in the Procurement function? b) How many sourcing projects are handled by the Procurement team each year?
Today, it is possible to source lot many products and services online. The mining industry is no exception to this and there are various consumables being sourced through the digital interface.
Length of fixed-price contracts largely depends on the volume procured. Food & Beverage companies prefer long-term contracts, while relatively smaller buyers from Personal Care and Pharmaceutical industries opt for short-term contracts.
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