Supply Chain Best Practices: Companies Must Define What Works for Them
- Tags:
- Best Practice,
- Finance,
- Managerial Accounting,
- Roi/Tco,
- Supply Chain,
- Tompkins Associates,
- Transportation
- Source:
- Tompkins Associates
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Overview: "Best practices" means understanding the operations and the costs thoroughly, getting the best return on investment, satisfying customers and understanding that one has never done with the job. It's critical to understand that when it comes to having the right building and the right systems on the right site in the right community, best practices are business-specific. The tools to implement best practices?manufacturing, warehouse or transportation systems, conveyors or sorters, new or remodeled buildings?are commercially available, but success depends on choosing them with a thorough understanding of the operation involved.
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