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Effective cost optimization strategies in the supply chain

Journal: Science Journal "NovaInfo" (Vol.146, No. 1)

Publication Date:

Authors : ; ; ;

Page : 181-184

Keywords : PROFITABILITY INCREASE; PRODUCTIVITY IMPROVEMENT; OPERATIONAL EFFICIENCY; PROCESS MODERNIZATION; LOSS MINIMIZATION; LOGISTICS CHAIN OPTIMIZATION; INTERACTION; INVENTORY MANAGEMENT; INCREASED TRANSPARENCY; IMPROVED OVERALL PRODUCTIVITY; EFFICIENCY MAXIMIZA;

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Abstract

The article examines the critical role of logistics chain optimization in ensuring successful business operations in a highly competitive environment. Optimization affects all stages of supply: from the purchase of raw materials to the delivery of finished products, which enables companies to improve operational efficiency and strengthen their market positions. The key aspects are identifying weaknesses in logistics processes, using analytics to set up the supply chain, and implementing modern technologies such as automation, artificial intelligence, and blockchain. The mention of joint planning with suppliers and compliance with inventory management strategies such as Just-In-Time and ABC analysis highlights the need to establish strong links between all participants in the logistics chain.

Last modified: 2025-01-18 13:56:36