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4 Ways To Save Money In Your Supply Chain

No matter the size of a business, supply chains demand a sizeable cost percentage. In tough times, reducing chain spend wherever possible will give organizations – especially smaller ones with less budgetary leeway – a competitive and monetary edge. But with something as comprehensive and complicated as a supply chain, how do you judge where savings can be made? 1. Start Small- Perform Cost Analysis Of All Chain Components & Implement Changes Slowly Knowing what you’re spending, where and why, will help eliminate unnecessary cost. Though this sounds obvious, over time it is easy to loose track of such intricacies, so a detailed spend analysis should be conducted regularly. Remember that economizing your supply… Read More

Four Points of Inventory Control

Four Points of Inventory Control Do you operate a business where products must be stored and distributed in multiple locations? If so, then you are aware of how important it is to keep an updated inventory control system. Several factors function within this system, wherein each transition and distribution point must be supervised and documented. Keeping management connected with each division of the company is key. Here are four points to discuss at your next managerial meeting, to help tighten inventory data and maximize efficiency. Product Analysis: A crucial part of strong inventory management is a thorough knowledge and documentation of the services and goods at hand. Make sure that… Read More