Supply chains have been described as the source of a company's competitive advantage at a time when all other aspects of a business appear to be getting tougher.
With international supply chains increasing the risk involved with manufacturing goods and the cost of shipping fluctuating with the price of oil a strong and clear supply chain management system could provide security for a company.
Carter McNabb, a partner at one supply chain management company, told Inside Retailing Magazine: "Effective supply chain management can boost performance ratios such as Return on Capital Employed by reducing operating costs, increasing asset turnover and improving customer service levels.
"If you look at supply chain costs as a percentage of sales, 'best in class' performers have roughly half the costs of 'average in class' performers."
Companies of all sizes may benefit from the services of a supply chain management company, which can offer expertise and a variety of supply chain management practices to enhance a business.
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