The Bank of England announced yesterday (December 4th) that it has reduced interest rates once more to just two per cent.
The decision swipes a third off the previous interest rate of three per cent, and is the second time Monetary Policy Committee has reduced rates by a third in as many months.
It is hoped that the cuts will increase spending and stave off recession in 2009, and those involved with supply chain management will no doubt welcome the cut.
Supply chains often involve a great deal of debt between contractors, and so an interest rate decision is likely to have an effect on businesses with large supply chains.
With the economy facing tumultuous changes many businesses are taking steps to make sure their supply chains are not exposed to fluctuating economies or commodity prices.
A supply chain management company can help a business reduce its exposure to fluctuating prices by moving a supply chain to more local companies or adapting delivery options.
Supply chain management companies could also improve a business' green credentials or simply make a supply chain more responsive to the organisation's needs.
Government and Public Sector:
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