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Reinventing the Supply Chain Life Cycle, Student Workbook by Stephen B. LeGrand, Marc J. Schniederjans

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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. ...

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