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Supply chain management help reduce costs

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"Supply chain management is typically one of the most fractured aspects of operations management in the sense that typically it is made of many disparate organizations".

How does supply chain management help reduce costs?

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How supply chain management helps to reduce costs are determined.

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SUPPLY CHAIN MANAGEMENT
How does supply chain management help reduce costs?
"Supply chain management is typically one of the most fractured aspects of operations management in the sense that typically it is made of many disparate organizations".

Supply chain management starts with attempting to procure the right inputs (raw materials, components, and capital equipment), convert them efficiently into finished products, then dispatching them to final destination that is the consumers. Hence, it is a long process or a long chain that involves various operations. Effectiveness in each part of the chain has significant effect on business performance, particularly on costs and product quality.

According to Kotler (1999), the supply chain perspective can help a company identify superior suppliers and help them improve their products in the supply chain, bringing down company cost. He further suggested that an effective way of ...

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Elisa Valdez, PhD
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  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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