Management Paper: Revealing the huge, hidden costs of inefficient supply chains
There’s a popular saying that “what you don’t know can’t hurt you.” But this is not the case when it comes to supply chain costs. Many supply chain companies are not aware of the huge sums of money they are losing every day due to operational inefficiencies and manual planning processes. These flawed processes and practices lead to hidden, escalating costs that add up and take a tremendous toll on bottom lines.
In this management paper, we discuss the different ways that supply chain companies are losing out – operational and financially – by utilizing manual planning tools and techniques.