Supply chain optimization and packaging activities have a surprising amount in common. By optimizing the supply chain and operational activities of your business, you can expect to improve efficiency and increase customer value.
According to a study, it costs $700-$1,400 per year to source, maintain relationships, and process invoices for each supplier that a business has. Vendor consolidation is the way to go!
It costs $700-$1,400 per year to maintain one vendor relationship. With 15+ vendors, the consolidation will have a yearly savings of $10,500-$21,000. Vendor consolidation has many hidden benefits to your operation!
To stay relevant in the marketplace today, companies must focus on more than just the bottom line.They need their customers, people, and community.
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