In an increasingly competitive marketplace, managing expenses becomes more difficult each passing day. Cost management has been more of 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 business. Five pillars have been addressed at this article for organisations to save cost through their supply chain, regardless of the industry, with exemplifications from various sectors.
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