Project Management

Balancing Demand, Supply And Cost With The Right Mix Of Offshoring, Nearshoring And Onshoring

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Executive Summary

The essentials of a sound supply chain management strategy revolve around the age-old industry adage, "Provide customers with what they want, when they want it and at the lowest possible cost." In an effort to meet this objective, many businesses have focused heavily on reducing costs. Generally, measuring and controlling manufacturing costs is easier than measuring and controlling the ability to meet customer demand with the right product at the right time. This focus on cost competitiveness has led to the biggest move in manufacturing in more than 10 years - moving production to low-cost countries.

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