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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Direct Reduced Iron (DRI), also known as sponge iron, is a key raw material used in modern steelmaking, especially in Electric Arc Furnaces and Induction Furnaces. As the world’s largest producer of sponge iron, India plays a major role in the global DRI supply chain and the growth of the secondary steel sector. Read on to understand the DRI full form, its production process, types, advantages, and its role in India’s steel industry.

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For businesses to ace inventory management, it’s important to place reorders in time. The economic order quantity model, enables businesses to reorder stocks in time to meet customer demand while reducing expenses. Read on to learn more about the concept of economic order quantity in logistics, how it benefits SMEs, its role in inventory management and how to calculate optimal reorders using the EOQ formula.

Last updated on: Jun 29, 2023
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