Tightening the Chain - Supply Chain Cost-cutting Strategies
Managers are finding creative ways to mitigate supply chain costs while maintaining operational efficiency. New approaches, technologies, and methodologies are aiding with these cost-cutting measures. Use of a third party logistics provider (3PL), radio frequency identification (RFID) rentals, and attribute-based demand planning can drastically reduce supply chain costs and increase customer satisfaction. This article will define those strategies, and examine methods of cost reduction within the supply chain.
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