Five Pillars to Save Cost in Today’s Supply Chain

In an increasingly competitive marketplace, managing expenses becomes more difficult each passing day. Cost management has been more of an imperative action to accomplish financial objectives. Inter alia supply chain is one of the most important fields for companies to look into and to save cost. Today’s supply chain is not only complex, but also volatile, fragile and limited to foresee future, and difficult to envisage its’ impact to the business. Five pillars have been addressed in this article for organisations to save cost through their supply chain, regardless of the industry, with exemplifications from various sectors.

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