How much profit do you think the manufacturer makes on a simple product – like a $1.50 bottle of water? Not much considering the vast amounts of costs and touch-points in a typical supply chain. Read more…
Remember, product cost is not equal to material cost. That’s why, regardless of size, its vital for companies to have an automated way to manage the warehousing and distribution of finished goods and raw materials.
Warehouse Management Systems are a key component to the efficient and profitable operation of today’s complex supply chains.
This short video from the Arizona State University’s W.P. Carey School of Business, describes the supply chain of a simple product – a bottle of water. The video also illustrates the importance of supply chain managers and their skill sets in our modern global economy for both manufacturing and service industries.
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