Cost Intelligence Philosophy : Unlocking Value to Your Bottom Line
Today, when most of the organizations are looking forward to adopt a cost cutting policy in an order to make maximum out of their efforts, it becomes imperative to first understand the concept of cost intelligence . Depending merely on cost cutting methodologies is never going to work in this fast-paced and competitive business environment. This post will provide you with an insight of Cost Intelligence Philosophy which is primarily based on three major cornerstones of rates which are discussed in detail. Integrated Supply Chain For any business, to attain its maximum efficacy, there are few important aspects which should never be ignored. The first one is strategic product innovation, a robust supply chain, responsive financial planning and of course logistics. An integrated supply chain needs to collaborate with as many areas as possible to meet certain goals like reducing cost, waste and production time. By aligning and integrating your supply chain, you can attain efficiency