The Economic Times
Minutes of the meeting. Launching a new brand. Planning a take over.
Your turn fruit peels into beauty packs and fish bones into fertilizer.
That's optimising value.You make purchases,pay bills and set a little aside for home improvements.
That's allocation of resources.You stock up on thingswhen they're plentiful and pull them out when they're not.
That's storekeeping.
That's optimising value.You make purchases,pay bills and set a little aside for home improvements.
That's allocation of resources.You stock up on thingswhen they're plentiful and pull them out when they're not.
That's storekeeping.
You have your kitchen all figured out, down to the last potato.That's inventory control.You know what's available in the market (and when and where it came from).That's market research.You have an uncanny ability to pick up the best possible things at the least possible price.That's procurement policy.