Earlier this week, I wrote about the ever-present push to reduce costs in the supply chain. Even when chief procurement officers say they’re more interested in product quality or service, cost control remains a top priority.
Cost cutting can be tricky, though. Chief procurement officers and supply chains managers walk a thin line between maintaining quality while reducing expenses. But it is possible to do both, particularly if you focus on being more efficient rather than just cut supply chain costs.
Here are five ways supply chain managers and chief procurement officers are pursing supply chain costs savings: