A commodity in the context of procurement is a raw or mid resource used to make a good. Chemicals, agricultural products, oils, minerals, and fuels are examples of commodities. The variety of commodities is expanding to include synthetic materials, special metals, and alternative energy sources. Labor support services are examples of intangibles that are not regarded as commodities. A difficult art to master is ensuring a continuous supply of commodities there at proper price, coupled with precise demand forecasts. Commodities...
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