Cost Reduction Strategies in Supply Chain: Guide
Logistics Bureau
NOVEMBER 28, 2024
If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. Running a spend analysis is the first step to understanding what you are spending, and therefore where you might look for savings. Cost savings flow directly to the bottom line. Manufacturers <6.8%
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