Procurement is one of the key aspects of ecommerce business which business owners must get right to ensure smooth running and hassle-free operations. For startups, setting up a network of reliable suppliers can be a complex task, fraught with numerous challenges.
Procurement can have a direct bearing on profitability – the key objective of any enterprise. Procurement in ecommerce helps improve operational efficiency and also impacts inventory management positively. It helps ecommerce entrepreneurs manage their operating working capital better.
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