Optimization procourement process of fatima fertilizer
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
UMT Lahore
Abstract
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.