SCLCI’s Back to Basics: Supply Chain Management Costs

Review the 1, 2, 3’s of supply chain management costs and how they ‘fit’ into the bigger picture.

Understanding Supply Chain Management Costs.

What is the function of management when controlling supply chain costs and where can cost reduction add benefit to profitability?

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Management can excel in cost leadership strategies by addressing the activities of a business that generate waste by becoming more efficient and optimizing resource utilization.

Cost leadership is a result of excellence in all aspects of supply chain management and is achieved through attention to quantitative improvement from activities required to produce goods and services.