How can a small business like a local sandwich shop benefit from supply chain management?
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The application of supply chain management by a small company leads to cost reductions due to elimination of wasteful processes.
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To remain competitive, small firms have to offer superior quality goods at the lowest prices possible. The need to minimize product costs makes effective supply chain management vital. There are costs involved in every process of the product life cycle, and it is the responsibility of management to ensure that these costs are kept low, so the company can continue to pass along these savings to the consumer.
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