Companies reorganizing supply chains in Europe
A lack of consumer spending in Europe is causing a large number of international firms to address their supply chains in the region.
Major firms are losing millions of dollars each quarter from their operations in the euro zone, which is causing many of them to lower production or reorganize to cut costs. Proper warehouse management can help a company reduce its expenses throughout an entire region. Advanced technology and refined forecasting systems can help eliminate waste while improving order fulfillment.
Companies that take the time to address their distribution network may find that they are able to continue to operate in a cost-effective manner without impacting service. For many firms the process of examining the supply chain may be able to help them adjust inventory levels through a region. Lower production levels means companies will need to maximize capacity through transportation management. Shifting freight around to more active regions may offset losses in another area, while keeping trucks on the most effective routes.
Streamlining the supply chain reduces operating costs and improves efficiency. Updated technology allows companies to track merchandise and gain an accurate picture of inventory levels. This creates opportunities to identify areas for improvement while reducing delays.
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File Under: General Supply Chain