Reinventing the Supply Chain Life Cycle, Student Workbook

12. Lean and Other Cost-Reduction Strategies in Supply Chain Management

Learning Objectives

After completing this chapter, you should be able to

• Explain how cost management and cost drivers are related to supply chain management.

• Describe lean supply chain management principles.

• Describe how procurement partner competition can serve as a cost-reduction strategy.

• Describe how standardization can serve as a cost-reduction strategy.

• Describe how organization and opportunity analyses can serve as a combined cost-reduction strategy.

• Describe how centralized buying can serve as a cost-reduction strategy.

• Describe how outsourcing can serve as a cost-reduction strategy.

• Describe some of the mistakes that occur in lean implementations. ...