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Supply chain processes 'changing in response to economic recovery'
Having seemingly ridden out the worst of the economic storm, many companies are now looking to make major savings by overhauling their supply chain operations.
This is according to the Financial Times, which noted that improvements to the supply chain can have an almost immediate impact on an organisation's profits and efficiency.
The newspaper pointed to a recent survey from consultancy firm Capgemini, which discovered that enhancing customer service and improving purchasing processes has now replaced the economic downturn at the top of the agenda for supply chain managers.
"A lot of companies are currently thinking about ways to make their supply chains more transparent and flexible," explained Martin Raab, head of supply chain management at Capgemini.
He added that this is one area where businesses can "save very much, very fast", as purchasing usually accounts for between 60 and 80 per cent of overall costs.
Changes that could have a significant effect include streamlining suppliers and centralising the purchasing of "indirect materials" - those that are not directly needed to manufacture products.
In August, a survey published by Culina Logistics revealed that almost two-thirds of supply chain managers in the food and drink industry plan to pursue efficiency gains over the next year.
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