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What is FOB Destination? Meaning, Terms, Who Pays?

What is FOB Destination? Meaning, Terms, Who Pays?

If you’re in the shipping industry, you need to be familiar with the shipping term FOB destination and all it implies. FOB is an acronym that means “free on board,” so FOB destination means free on board destination.   What is FOB Destination The term “FOB” is used in international and freight shipping. Shipping contracts and […]

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Materials Management: Definition, Process, Benefits

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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