Fixing Benchmark Price for Procurement

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Abstract

Financing procurement needs advance budgeting which involves procurement price. Though price caries from day to day in a season, one needs some average price for budgeting exercise. This case on basmati paddy procurement gives information on average costs at farm, in mandi, and at processing plant and poses a problem of fixing a benchmark procurement price for the commencing season.

Additional Information

Product Type Exercise
Reference No. CMA0799EX
Title Fixing Benchmark Price for Procurement
Pages 4
Published on Jan 1, 2000
Year of Event 2000
Authors Singh, Gurdev;
Area Centre for Management in Agriculture (CMA)
Discipline Finance, Operations Management, Organizational Behaviour
Sector Agriculture and Animal Husbandry
Country India

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