The Circular Advantage: Integrating Scrap Auctions to Achieve Closed-Loop Sourcing and Payment Synergy
or large industrial enterprises in India, procurement (buying raw materials) and disposal (selling scrap) are often treated as siloed functions, missing a critical opportunity for strategic synergy. The price realized from selling scrap is intrinsically linked to the price paid for new raw materials, as both are governed by the same commodity market dynamics. BidMyScrap’s…