Acesse a sua conta getAbstract para obter o resumo!

Supply Chain Cost Management

Acesse a sua conta getAbstract para obter o resumo!

Supply Chain Cost Management

The AIM & DRIVE Process for Achieving Extraordinary Results

AMACOM,

15 min. de leitura
10 Ideias Fundamentais
Áudio & Texto

Sobre o que é?

Create a process for working cooperatively with your suppliers to reduce your costs – and theirs.


Editorial Rating

7

getAbstract Rating

  • Innovative

Recommendation

Author Jimmy Anklesaria’s “AIM & DRIVE” process is a method for reducing costs by working with your entire supply chain. You will learn how to assemble a cost-cutting initiative, how to bring your suppliers into the process and how to work with them to benefit mutually from cost reductions. Anklesaria’s writing is a bit colloquial, but that means it reads easily, which offsets some of the necessary dryness of the process descriptions. The book has helpful worksheets plus samples of actual work from the author’s clients. Anklesaria has written this manual for people who work regularly with suppliers, so it is not directed toward the general business reader. However, it is no more complex than necessary. getAbstract recommends it to practitioners at all levels who wish to manage costs cooperatively.

Summary

The Importance of Cost Management

Every company understands the need to control costs. Lowering your costs sends money straight to your bottom line. When CEO Lou Gerstner and supply chain expert Gene Richter came to IBM to turn things around, Richter told his procurement team to follow a five-step program to make IBM profitable and competitive: “1) Reduce costs; 2) Reduce costs; 3) Reduce costs; 4) Reduce costs; and 5) Reduce costs.” The problem is that most companies, big and small, have a hard time understanding their own cost structure, let alone identifying excess costs in their supply chains.

Companies tend to start cost initiatives in the middle of crises, so timing often makes the task of cutting costs even more difficult. You have little opportunity to be thoughtful and clear-headed when you are under severe pressure, your business is on fire and relations with your suppliers are strained. The good news is that many high-quality companies have worked through these cost issues and you can learn from their leadership. No two businesses are exactly alike, but business processes are quite similar in purpose and method. Your goal should be to make continuous cost...

About the Author

Jimmy Anklesaria is an expert in supply chain cost management. Many Fortune 500 companies have hired him to conduct seminars and workshops on the subject.


Comment on this summary

More on this topic

Related Skills

Become More Productive
Communicate Effectively
Corporate Finances
Develop a Business Plan
Develop Team Members
Develop the Organization
Digital Transformation
Aerospace and Defense Industry
Manufacturing Industry
Ensure Production Quality
Entrepreneurship
Execute Digital Operations
Innovate Strategically
Innovation
Lead Strategically
Leadership
Manage Product Innovation
Manage Teams and Departments
Market Insights by Industry
Optimize Production
Personal Growth
Plan Strategically
Soft Skills
Sustainability
Workplace Skills
Lead Operational Planning
Communicate Strategically
Executive Leadership
Make Supply Chain Sustainable
Delegate Effectively
Aerospace and Defense Best Practices
Implement Internal Controls
Optimize Resource Use
Streamline Your Workflow
Ensure Business Continuity
Optimize Supply Chain Logistics
Leverage Ambidexterity
Management
Manage Supply Chain Risks
Implement ESG Strategies
Set and Track KPIs
Organize Innovation
Set and Achieve Goals
Master Lean Management
Manufacturing Best Practices
Leverage Outsourcing and Offshoring
Manage Risk
Manage Change
Manage Climate Risks
Strengthen Team Collaboration
Control Financial Performance
Use Lean Methods
Implement Agility
Manage Project Risks
Master Collaboration
Develop Innovative Products
Drive Organizational Performance
Manage Project Scope and Budgets
Set Business Goals
Translate Strategy into Action
Plan and Execute Projects
Apply Kaizen
Drive Project Management
Manage Supply Chain Operations
Have Effective Meetings
Mitigate Carbon Footprint
Drive Continuous Improvement
Drive Product Development
Analyze and Control Costs
Production and Logistics