Evaluating Strategies for Cost Reduction in Supply Chain Management (SCM) Relating To Exports and Imports in Japan
DOI:
https://doi.org/10.53819/81018102t5228Abstract
Japan's export and import sectors have a significant impact on its overall economy, with exports accounting for around 17% of the country's GDP and imports accounting for around 14%. Strategies for cost reduction are diverse and can be implemented in various ways to help businesses reduce operating costs. Developing a cost reduction plan that outlines specific goals and strategies can help keep cost reduction efforts focused and measurable. SCM encompasses all activities that take place from raw material acquisition to the delivery of the finished product or service to the end customer. Research indicates that Japanese companies have implemented various strategies for cost reduction in supply chain management (SCM) relating to exports and imports. One of the key strategies is supplier management. Japanese companies have established long-term relationships with suppliers to ensure stable and reliable supply of goods and services. These relationships are based on mutual trust, cooperation, and collaboration. The study concluded that Japanese companies can implement several strategies to achieve cost reduction in their SCM processes related to exports and imports. These strategies include supplier management, streamlining transportation, lean manufacturing, outsourcing, supply chain automation, inventory optimization, collaborative planning, standardization, sustainable SCM, risk management, continuous improvement, cross-functional collaboration, multi-modal transportation, and data analytics. Risk management strategies can help companies mitigate risks in SCM processes and minimize costs associated with disruptions or delays. It is crucial for companies to assess their SCM processes and identify the strategies that are most suitable for their unique requirements. The study recommended that companies should consider implementing multi-modal transportation methods to optimize their supply chain operations. By using a combination of sea, air, and land transportation modes, companies can reduce transportation costs, improve delivery times, and enhance their supply chain flexibility.
Keywords: Strategies, Cost Reduction, SCM, Exports, Imports, Japan
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