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there are two things were always trying to balance in the supply chain cost and service this week were going to be talking about cost and ill show you six ways to reduce cost in your supply chain coming right [Music] up [Music] so one of the things were always trying to do in supply chain management is to balance cost and service and it is a constant sort of see-saw balancing act this week i would like to share with you six ways or six things to focus on to help you reduce your supply chain costs and why have i picked these six well ive been helping companies for over 25 almost 30 years to reduce supply chain costs if you didnt realize my day job is actually running a supply chain consulting business and so over those years you get to see a little bit of a pattern and you get to see what some of the key areas of cost opportunity are on a consistent basis so let me share these with you number one and these are in no particular priority inventory always a good area to have a look