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IISCM

Integrated Institute of Supply Chain Management, a unit of Fhyzics Business Consultants Private Limited specialising in supply chain management consulting and education. IISCM trains and certifies SCM professionals in procurement, supply chain management, inventory, and warehousing.

Procurement Terminology – Variable Costs

In the intricate tapestry of business economics, the term "Variable Costs" emerges as a critical element, especially within the context of

In: SCM

Procurement Terminology – Value Chain

In the realm of modern business operations, the concept of the "Value Chain" has emerged as a pivotal framework to comprehend

In: SCM

Procurement Terminology – Fixed Costs

Introduction:

In the realm of procurement, "Fixed Costs" play a pivotal role in shaping a company's financial landscape. Fixed Costs are essential

In: SCM

Procurement Terminology – Productivity

Introduction:

In the realm of procurement, the concept of "Productivity" goes beyond the traditional manufacturing context. It extends to efficient

In: SCM

Procurement Terminology – Product Life Cycle

Introduction:

In the world of procurement, understanding the concept of "Product Life Cycle" is crucial for making informed decisions that impact an

In: SCM

Procurement Terminology – Direct Costs

Introduction:

In the intricate landscape of procurement, "Direct Costs" play a pivotal role in determining the true financial impact of sourcing

In: SCM

Procurement Terminology – Profit

Introduction:

In the realm of procurement, the concept of "Profit" is not limited to the traditional understanding of revenue minus costs. It extends to

In: SCM

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