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Author
Published
May, 2004
Summary
Maximization of share-holders value and a guarantee of financial continuity are the most important aspects in today’s economic environment. To realize these objectives there is an ongoing tendency to reduce operational costs. Depending on the branch specifics, Supply Chains costs can make up from 5% to 15% of total costs of goods sold. Logistics or Supply Management is therefore regarded as one of the most important improvement areas to contribute to operational efficiency.
Groenewout developed an attack plan (GRIP = Groenewout Reduction & Improvement Program) through which specific opportunities in your Supply Chains can be defined in a short timeframe. GRIP can be best characterized as a pragmatic, practical approach in which the implement ability of the opportunities is key. This implies identifying opportunities that lead to significant short term efficiency improvement with limited investments and implementation risk. In the GRIP approach Quick-Wins are financially quantified in an early stage to come to a priority list per opportunity.
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