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Having too little in stock means running out at unfortunate times when the demand is high, causing your buyers to buy elsewhere. Demand forecasting can analyze how many products your customers may likely order during a specific week, month, or quarter.
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Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Buyer/Purchasing Agent - Executes purchase orders and transactions.
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