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Supply chain management is the efficient and effective movement of goods and information from supplier to manufacturer to the end user. Looking at supply chain management from a cost standpoint, it represents the total expenses incurred by a company to acquire materials, maintain inventory, process and fulfill orders, manage transportation, deliver to end-customers, and manage information systems throughout the process.
In some industries, companies spend approximately 10 - 11% of their revenue just managing their supply chain. Independent research firms, such as AMR and International Data Corporation, project that by 2005, investments made in these segments will exceed half a trillion dollars. Several factors contribute to these trends, including:
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Increased globalization of business
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Shift to collaborative commerce
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Development of powerful supply chain visibility and event management tools
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Increased focus on just-in-time
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Adoption of outsourced logistics
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Carrier consolidation
Research shows that investments in services and technologies that improve supply chain performance continue to pay real dividends for business. Improving your supply chain performance can have a dramatic impact on your business.
FedEx® Supply Chain Services is here to help your business capitalize on such benefits. To learn more about how we can help with your supply chain, please contact us today at 1-800-543-7657 or view our portfolio of services to get started.
Customer Success Stories
FedEx Supply Chain Services offers a portfolio of services that can be applied with the flexibility and scalability needed to move with changing market conditions.