Berntson Porter Coronavirus Resource Center Details

BP Blogs

LIKE WHAT YOU READ? Share this article :

Reducing Your Supply Chain Costs


A recent survey by Proxima, a global sourcing and procurement service provider, revealed that reductions in supply chain costs of 1% could boost profits by an average of 5.4%. Meanwhile, reducing labor costs by 1% could raise profits by only 0.7%. “Executives interviewed for the report widely underestimated the extent to which supplier costs accounted for their total cost base, but over-estimated the importance of labor costs.”

Supply Management, the purchasing and supply website, published the article (linked below). Need help controlling your supply chain costs?  Contact your Berntson Porter representative today.

http://www.supplymanagement.com/news/2013/procurement-could-unlock-billions-in-profits/