Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post from Elemica’s blog discusses how “many ‘unavoidable’ operating costs we’ve all come to accept can be reduced dramatically, or eliminated altogether, through a more automated supply chain.”
You hear all the time about “the cost of doing business.” These costs do exist: operating capital, taxes, commercial credit, manufacturing yield losses, etc. Depending on the nature of your business, you can actually derive the number in a pretty straightforward manner. But many fail to acknowledge the fact that sometimes the “cost of doing business” is actually the cost of inefficiency. And one aspect of your business that makes this truism so apparent is your supply chain.
How do I know? Because after helping hundreds of the world’s leading businesses replace manual supply chain-related processes with automation, I have found that these seemingly inevitable costs almost invariably fractionalize—or disappear completely. Here are a half-dozen commonly accepted “cost of doing business” categories you can help get under control through a more connected and collaborative supply chain.