The Raw Material market is an integral part of Supply Chain Management. It is the process of sourcing, procuring, and managing the flow of raw materials from suppliers to manufacturers. It involves the coordination of activities such as supplier selection, inventory management, and quality control. The goal of the Raw Material market is to ensure that the right materials are available at the right time and in the right quantity to meet production needs. The Raw Material market is highly competitive and requires a deep understanding of the supply chain. Companies must be able to identify reliable suppliers, negotiate favorable terms, and manage inventory levels. Companies must also be able to monitor quality and ensure that materials meet the required specifications. Some companies in the Raw Material market include BASF, Dow Chemical, DuPont, ExxonMobil, and Shell. Show Less Read more
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