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. This is the big attraction and importance of cost reduction in a supply chain: profits can be increased without having to increase sales. The field for potential reductions is wide open.
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