Leading supply chain organizations were able to achieve a supply chain cost of less than 5 percent of total revenue by concentrating on two of the most important tenets of supply chain cost reduction. According to a study by benchmarking research firm Best Practices, LLC, top companies focus on reducing nodes in the supply chain network and eliminating waste wherever possible. These and many more best practices, metrics and tactics to decrease supply chain costs and impact the bottom line of your business can be found in Supply Chain Management Best Practices. This research report also profiles some of the cutting-edge benchmark trends at leading companies and supply chain organizations.
Supply Chain Management Best Practices reveals the latest trends and practices in supply chain cost management. Study findings by Best Practices, LLC determine key performance best practices at prominent manufacturers, retailers and high-tech companies:
- Consider outsourcing to third-party logistic providers (3PLs) for parts replenishment, supply chain visibility or contract warehousing to lower supply chain costs.
- Develop optimized applications to lower order management costs as a key driver of overall supply chain costs.
- Link enterprise processes including sourcing, procurement, manufacturing, transportation, fulfillment and CRM activities to streamline your supply chain activities.
- Use Internet-based communication systems to increase visibility of supply chain activities and enable real-time decisions.
- Get low bids from suppliers and lower acquisition costs by holding reverse auctions on online private exchanges.
The winning strategies in this report were drawn from probing interviews and surveys with quality executives at 27 organizations. This groundbreaking benchmark study also highlights other industry-leading supply chain management criteria such as performance to standard measures (on-time delivery, fill rate etc.), supply chain costs and cost saving initiatives, and demand/supply chain initiatives that enhance the vendor-customer relationship, including build-to-order inventory and vendor-managed inventory.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access