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Commodities

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Commodities are things that are easy to find and easy to substitute. Common examples are food crops, metal ores, and gasoline. Because it’s so easy to substitute commodities from one supplier for commodities from another supplier, most people buy commodities wherever they can get what they need for the lowest price. Therefore, commodity supply chains need to have high availability, meet minimum quality standards, and be cheap.

Supply Chain Management For Dummies

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