A manufacturing company with plants and suppliers in numerous locations wants to cut its travel budget for the next year by 20%. Which of the following is MOST likely to help reduce travel costs?
A.
Expanding use of video conferencing as an alternative to travel
B.
Obtaining discounts from preferred providers of travel services
C.
Lowering the allowable per diem
D.
Sending an individual rather than a team when conducting site visits
To reduce travel costs, expanding the use of video conferencing as an alternative to travel is the most effective solution. Video conferencing can significantly cut down on the need for physical travel, allowing for virtual meetings and collaboration. This approach not only reduces travel expenses but also saves time and increases productivity by enabling more frequent and flexible communication without the need for extensive travel. References:
"Supply Chain Management: Strategy, Planning, and Operation" by Sunil Chopra and Peter Meindl
Articles on cost management and technology adoption in supply chain management from the Journal of Business Logistics
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