Supply chain costs often represent a considerable percentage of the sales price of a good or service. Cost savings flow directly to the bottom line…
Cost Reduction & Performance
4 Common Supply Chain Cost Blowouts
Whatever your supply chain role might be, monitoring and controlling costs is almost certain to be an important area of responsibility for you. However, when you're busy with the day-to-day activities of keeping materials moving and fulfilling customer orders, it's...
Reducing Working Capital in Supply Chains
Is it a good idea to reduce working capital in a supply chain? Yes, in general. On the face of it, “working capital” might sound like something you'd want to increase. However, it corresponds to the amount of money you need to keep your supply chain working, so in...
Cost to Serve: A Smarter Way to Improve Supply Chain Profitability
Supply chains are complex entities. Even if you simplify your product range and your upstream suppliers, you still have to deal with the ramifications of diverse customers, their expectations, their location and the logistics needed to meet their requirements…
Customer Contribution Analysis: Are Your Biggest Customers Your Most Profitable?
Here's something that catches a lot of businesses off guard. They assume their biggest customers are their most profitable ones. Often, they're not. Customer contribution analysis is the process of working out the true profitability of each customer, order, or channel...
10 Supply Chain Improvement Essentials for Your Company
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Let's look at some of the best ways to make your supply chain more...