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Optimization procourement process of fatima fertilizer
(UMT Lahore, 2022) UMAIR NAVEED; TAIMOOR KHAN; ANAS AHAMD; MIAN MUHAMMAD SULEMAN; IQRA KHAN BALOCH
In this project we are going to overall look into the problems that the Fatima Fertilizer is facing. Our Research describes the problems associated with import documentation in shipping which results in increase of demurrage cost. It suggests the possible ways by which the demurrage cost can be minimized resulting in profit to the company. Demurrage cost involved in internal process that is a vital part of Fatima fertilizers e procurement process thus its importance cannot be neglected and also from the inefficiencies inside the organization. The fertilizer industry is strongly affected by seasonal fluctuations. Therefore, efficient management of procurement team and finance department issues plays an important role in minimizing company costs. We have discussed findings and solutions to bring optimization in the documentation process and supply chain by considering all the facts and figures.