Summary of Supply Chain Cost Management

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Rating

7 Overall

7 Applicability

8 Innovation

7 Style


Recommendation

Author Jimmy Anklesaria’s “AIM & DRIVE” process is a method for reducing costs by working with your entire supply chain. You will learn how to assemble a cost-cutting initiative, how to bring your suppliers into the process and how to work with them to benefit mutually from cost reductions. Anklesaria’s writing is a bit colloquial, but that means it reads easily, which offsets some of the necessary dryness of the process descriptions. The book has helpful worksheets plus samples of actual work from the author’s clients. Anklesaria has written this manual for people who work regularly with suppliers, so it is not directed toward the general business reader. However, it is no more complex than necessary. getAbstract recommends it to practitioners at all levels who wish to manage costs cooperatively.

In this summary, you will learn

  • How to use the eight steps of the “AIM & DRIVE” cost-reduction system;
  • How companies measure costs; and
  • How to use a “risk-return” grid to select your initiatives.
 

About the Author

Jimmy Anklesaria is an expert in supply chain cost management. Many Fortune 500 companies have hired him to conduct seminars and workshops on the subject.

 

Summary

The Importance of Cost Management
Every company understands the need to control costs. Lowering your costs sends money straight to your bottom line. When CEO Lou Gerstner and supply chain expert Gene Richter came to IBM to turn things around, Richter told his procurement team to follow...

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