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Raw material procurement in the steel industry means strategically sourcing iron ore, coal, scrap, and alloys while managing cost, quality, compliance, and supply continuity. It directly impacts production stability, working capital, and cost control for steel manufacturers in India. Here's how structured procurement, smarter sourcing, and digital tools help steel buyers manage volatility and strengthen supply chains.
Last updated on: Feb 26, 2026
Strategic procurement as a best practice necessary for every manufacturer. Demand aggregation can help manufacturers to procure bulk orders on time, save on costs and improve efficiency.
Last updated on: Aug 22, 2023
MSME subsidy schemes help emerging businesses to get easy financial assistance for scaling their operations. Subsidy can be provided for capital subsidies to upgrade machinery, for entrepreneurship, etc. In this article we discuss the prominent government subsidy schemes for MSMEs in 2022-23, the eligibility criteria, documents required, key features, and more.
Last updated on: Oct 16, 2023
Technology trends play a significant role in supply chain management to positively impact customer satisfaction and improve efficiencies. Supply chain providers are adopting tools like Internet of Things, blockchain and others to bring about supply chain resilience and agility to their business.
Last updated on: Feb 23, 2023
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