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Rather than relying on store managers to navigate local purchases, Procurement can add value by organizing the effort, evaluating and sourcing local suppliers, negotiating best pricing and delivery options, and automating the process by using technology to simplify inventorymanagement at the local level.
The additional costs may also be passed down the supply chain, leading to higher prices for end consumers. This not only affects their product pricing strategy but also impacts their competitiveness in both domestic and international markets.
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