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Showing posts from October, 2008

Integrating supply to reduce cost

Reduction in cost is the main focus in every company. Sensibly tailored mode to reduce cost will give a better result in the effort made towards this objective. Integrating supply is also an option for better practice of procurement. Before you opt for integrating supply, you need to first step up to standardization in your usage pattern. Once you are through with the practice of standardization, you will automatically see the ways to combat the challenges of Integrating Supply. Better Product, Stronger position of Bargain, Efficient mode of procurement in terms of logistic, payment, etc. will follow only when you practice a systematically planed inventory control. By Integrating Supply you will benefit in following areas - You will get quality product which is very vital for reducing the cost in long run. You will procure at more economical rate because you have established a partnership in terms of supply of the relevant items. Your interaction will be with limited suppliers, h