New Podcast Series Explores Smart Cost Reduction Strategies; Jim Tompkins: Recession is good opportunity to improve processes
RALEIGH, NC, February 19, 2009 — Reducing costs is vital for all companies as the global economy continues to decline. Some business leaders believe that the best approach to saving money is to make across-the-board cuts.
However, Jim Tompkins, President and CEO of Tompkins Associates, stresses that the best response is to focus on cost reduction strategies. Tompkins outlines intelligent, aggressive ways to reduce costs in the podcast Supply Chain Cost Reduction as a Strategy, the latest installment of the supply chain globalization series.
“‘Cut, cut, cut’ is not a strategy, and strategy must always, always, always come before action,” he says in the series’ introductory podcast. “Recession should be looked upon as an opportunity to improve business processes, and we must work smart and work hard now that the slope is steep.”
Tompkins goes on to detail specific ways to reduce operational and capital expenditures so that survival and future growth are guaranteed.
Upcoming podcast installments will focus on cost reduction strategies within specific areas:
● Asian sourcing
● Transportation
● Distribution operations
● Material handling systems
● Inventory
● Technology
● Logistics outsourcing
● Energy
Subscribe by email or via RSS feed at http://www.tompkinsinc.com/podcast to receive updates when a new episode from The Global Supply Chain Podcast series is available. You can also learn more about cost reduction strategies at http://www.tompkinsinc.com/costreduction.
About Tompkins Associates
Tompkins Associates designs and integrates global end-to-end solutions for companies that embrace supply chain excellence. For more than 30 years, Tompkins has evolved with the marketplace to become the leading provider of global supply chain services, distribution operations consulting, technology implementation, material handling integration, and benchmarking and best practices. Headquartered in Raleigh, NC, the company is known for innovative, practical solutions that improve supply chain performance and produce value-based results. For more information, visit www.tompkinsinc.com. Subscribe to Tompkins Associates’ RSS feed for up-to-date information.
