Yes all of us are well aware that the global economy is in a downturn. We hear it in the news, on blogs, in articles, and we see it around us with massive layoffs and lower consumer spending. So while we have heard all about these problems, what is the solution to fix these issues from an enterprise point of view?
In the first part of this series of three, I will identify the
network upper manager
for the supply chain network, as well as look at some strategies to bring down cost in the overall supply chain process. Here I’ll discuss two concepts on cost: cost cutting and cost reducing , and will be using definitions which are in line with Jim Tompkins article The Riddle of Supply Chain Cost Reduction . In the upcoming blogs, I will specifically discuss aspects of inventory management and IT systems and how to implement better business processes to achieve the cost reduction measures in an organi