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What Is Intermodal Transportation? History, Benefits, Examples
Intermodal transportation is not as mysterious or complicated as the name would have it sound. It means transporting one set of goods in a steel container using two or more modes of transportation, such as rail and truck.
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Blanket Purchase Order: Definition, Benefits, and When to Use
A Blanket Purchase Order is a legally binding agreement between you, a buyer, and a supplier who has come to a long-term deal to deliver goods or services for a specified period. But what does that actually mean? What are the benefits of using this kind of agreement? And when is a good time to […]
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Materials Management: Definition, Process, Benefits
Materials management is an aspect of supply chain management and planning. The primary purpose of materials management is to ensure that manufacturers have all the raw materials they need to make goods. Materials management also focuses on ensuring that no components are wasted and optimizing inventory maintenance and management. While materials management requires understanding what […]
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