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Expiring Raw Materials
Identify raw materials that are expiring within the next month.
Reduce Costs
Reduce Costs
INDUSTRY
Cosmetics
Food & Beverage
BUSINESS FUNCTION
Procurement
Supply Chain
Problem
Raw materials expiring soon can lead to waste and increased costs if not utilized promptly.
Insight
Several raw materials in inventory are identified as expiring within the next month, necessitating prompt action to minimize waste and associated costs.
Impact
Proactive management of materials nearing expiration can significantly reduce waste and associated costs, while also ensuring optimal resource utilization.