The Right Places to Look for Cost Reductions
Where is the opportunity to reduce costs in the supply chain? The fashion industry has driven about as much cost out of the product itself as we are going to. We keep looking for more ways to reduce material and labor costs, but these are not the right cost components. The room for further improvement in those categories is marginal at best and volatile at worst. The right places to look depend in part on where you do business. The luxury market has different rules from the specialty and commodity markets. Across the spectrum, however, business process improvements, sustainability initiatives and clear data visibility offer the most attainable and maintainable cost reductions. Read this fourth in a series of White Papers – authored by Bob McKee, Infor, Industry Strategy Director where he will share insights modelled on specific cases and customer best practices.