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Procurement
The process of obtaining goods or services, typically for business purposes.
Materials Management
The branch of logistics that focuses on physically sourcing, moving, and storing materials, as well as coordinating these operations to ensure the right materials are available at the right time.
Logistics Function
The specific tasks and operations within logistics, focusing on the efficient and effective movement and storage of goods.
Time Utilities
The value added to products or services by making them available when they are needed or wanted by consumers.
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