What is the importance of procurement team in rolling mill industry

Question

Accepted Answer

Procurement team plays a crucial role in ensuring the smooth functioning of rolling mill industry.

Procurement team is responsible for sourcing raw materials, equipment, and services required for the production process.
They negotiate with suppliers to get the best deals and ensure timely delivery of materials.
They also maintain inventory levels and manage the supply chain to avoid any disruptions in production.
Procurement team helps in cost reduction and improving the overall efficiency of the rolling mill industry.
For example, if the procurement team is able to negotiate a better price for raw materials, it can lead to significant cost savings for the company.

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