Benefits of a well designed and implemented Supply Chain Management strategy is substantial. Efficient and effective implementation can reap benefits such as:
- Reduction of Transportation, Warehousing, and Distribution Costs
- Lean Processing from Supplier to Customer
- Reduced Direct and Indirect Labor Costs
- Optimized Stock Levels
- Increased Material Flow Velocity
- Streamlined Purchasing Control
- Increased Decision Making Speed and Responsiveness to Demand Change
- Increased Customer Service
- Increased Inventory Availability, Customer Order Fill Rates, Accuracies and Services
- Reduced Operations Support Costs
- Reduced Inventory Carrying Costs
- Improved Productivity of Procurement Operations
- Improved Quality of Products and Services
