THE COST OF GETTING IT WRONG

Far too many companies have no real idea how much their supply chains cost. Supply chains have many hidden costs -- not least the cost of getting it wrong. As the UK economy continues to struggle and many UK consumers are forced to reduce their spending, getting the right product, at the right price...

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Bibliographic Details
Published in:Supply Chain Europe 2011-05, Vol.20 (3), p.48
Main Author: Leach, Tony
Format: Article
Language:English
Subjects:
Communication
Cost control
Cost reduction
Inventory
Inventory control
Manufacturing
Printers
Shipments
Software
Supply chain management
Supply chains
Online Access:Get full text
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Summary:Far too many companies have no real idea how much their supply chains cost. Supply chains have many hidden costs -- not least the cost of getting it wrong. As the UK economy continues to struggle and many UK consumers are forced to reduce their spending, getting the right product, at the right price on the shelf has never been more important. Although you can employ the best supply chain software in the world to create the most cost-effective supply chain, it needs all the relevant information to achieve maximum benefit. Companies must apply business-specific visibility tools that people benefit from as part of the daily operation.
ISSN:1742-447X