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 document defines those strategies, and examines methods of cost reduction within the supply chain.