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Three simple ways to cut supply chain costs

Thursday, February 15, 2018
For those of us eager to provide as many products to their customers as possible, understanding the supply chain is critical. But because the task of optimizing the supply chain can be daunting, many well-managed companies simply avoid it. Every company is different, with each possessing unique characteristics and skills, and so it is likely that your company is managing the supply chain well in some areas, but not so much in others. To effectively evaluate your supply chain without becoming overwhelmed, break the process into three parts, tackling each of them one at a time: Inbound/procurement Whether you’re receiving raw materials or finished goods, procurement of product is a common place for supply-chain costs to get lost. Allowing the lure of achieving fr  [Read More...]