Determining Total Supply Chain Costs

Author(s):

Mary Lu Harding, C.P.M., CPIM, CIRM
Mary Lu Harding, C.P.M., CPIM, CIRM, Harding & Associates, Bristol, VT 05443, 802/453-5379

88th Annual International Conference Proceedings - 2003 - Nashville, TN

Abstract

There are more costs involved with material supply than price. Some costs can seem difficult to quantify. We will discuss ancillary costs involved in a successful supply chain and describe a useful method for quantifying them. Also included are issues normally considered as non-monetary. These too can be quantified, and dealing from data changes the conversation.