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SUPPLY CHAIN COST REDUCTION IN INDIA
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Read about Supply Chain Cost Reduction Opportunities for Indian Companies.
Brief Snippets :
Our current economic suffering is being hailed as one of the worst of all times. With a sharp decline in spending & wealth, now more than ever, have organisations realised the need for strategic thought and structured planning. This is where cost reduction has assumed its insurmountable position.
Cost saving initiatives need to be shaped and implemented by all departments in the organization; the entire process of planning, monitoring and measuring needs the support of all. Everyone from the top to the bottom must be actively involved, and work towards the new goals set. Expense reports are obviously the most logical place to start. These should be over a relatively long period of time in order to remove any seasonal variations. It is also important to stay focused on the key areas that account for the major 80% of costs.