Eslam Abdelaziem’s Post

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Industrial Engineering | Aspiring Logistics Optimization l Supply chain Management🇪🇬

24 Ways to Save Supply Chain Costs Want to save money in your supply chain? Here are simple ideas to help you cut costs and keep quality high: 1. Source from low-cost countries. 2. Outsource some spending. 3. Create internal buying programs. 4. Limit bidding requirements. 5. Use vendor management services. 6. Shift inventory ownership to suppliers. 7. Use RFID tags for tracking. 8. Increase inventory turnover. 9. Create mixing centers. 10. Arrange distribution centers smartly. 11. Pre-pick orders. 12. Use cross-docking. 13. Streamline transport operations. 14. Use a single-source logistics provider. 15. Do cost assessments. 16. Develop a fuel hedging strategy. 17. Reduce international shipping costs. 18. Map the logistics network. 19. Work with external logistics providers. 20. Concentrate spending on fewer suppliers. 21. Use multi-year supply agreements. 22. Share information and integrate processes. 23. Use contract life cycle management systems. 24. Innovate with suppliers. #SupplyChain #CostSaving #Logistics #InventoryManagement #Procurement #Efficiency #BusinessOptimization

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