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In extreme cases, firms simply state that a product comes from one country when, in actual fact, it was manufactured in a country that is impacted by the higher tariff being imposed. Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources.
The following five mini casestudies explore a few high-profile companies that have managed to sustain their supply chain cost-reduction efforts and keep expenses under control. The company began with a pilot operation using a manufacturer in Malaysia. Sunsweet Growers. Making Supply Chain Cost Reductions Stick.
Aim to source 100% certified RSPO (Roundtable on Sustainable Palm Oil). Sourcing palm oil responsibly and sustainably is nuanced and can be complex. As you work towards 100% of your sourcing being certified, engage with the debate and industry best practices to inform a clear policy and strategy. Get to know your supply chain.
The following three mini casestudies explore a few high-profile companies which have managed to sustain their supply chain cost reduction efforts and keep expenses under control. The company began with a pilot operation using a manufacturer in Malaysia. Making Supply Chain Cost Reductions Stick.
The Malaysia Institute for Supply Chain Innovation (MISI) has developed a framework for helping banks to tap into this vast market. Many Asian SMEs turn to other sources of finance such as unregistered money lenders that charge high interest rates. At least local lenders are accessible and understand the SME business model.
And what that often means is finding a second source, finding other options, another alternative. And there’s been a casestudy done and a real-world example, the earthquake and tsunami in Japan in 2011. GE Healthcare has published and has been studied for its response. And of course it can’t happen quickly.
Procurement refers to dealmaking: it helps source vendors, negotiate contracts, and secure the best materials or services for the business. Strategic procurement diversifies supply sources, enhancing project flexibility. Project management is strategy: it helps plan, execute, and ensure projects are delivered on time and within budget.
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