Articles
Raw Materials Used in Toy Manufacturing: Safety, Compliance & Cost Factors
The materials used in toy manufacturing can impact the safety of children and the reputation of the company. There are multiple documented cases where improper material selection has led to recalls, litigation, and severe financial damage to toy manufacturers.
How Digital Procurement Platforms Reduce Raw Material Fraud
Raw material fraud is a frequent issue in conventional procurement. It usually happens due to the lack of supplier verification, the absence of records, and low levels of transparency. In manual systems, it is hard and time-consuming to keep track of materials.
How Crude Oil Prices Impact Plastic Raw Material Costs in India
Crude oil plays a powerful role in the worldwide plastic industry & India is no exception. Most of the plastic raw materials, like PE, PP, and PVC, are extracted from petrochemicals sourced from crude oil.