Digging In

Digging In

With the economy in the pits, companies are leaving no stone unturned in their efforts to cut supply-chain costs.

Randy Myers - CFO Magazine
September 1, 2008


Overwhelmed by rising costs, many companies are realizing that profits don't come easy these days. That's true even when you're sitting on a gold mine. Despite the massive run-up in gold prices (160 percent since August 2003), Kinross Gold Corp. has taken a pickax to a host of supply-chain costs, driving out waste wherever it can. Finance executives in many sectors can relate, as manufacturers, distributors, retailers, and others suddenly realize that with margins under pressure, ideas that once seemed unworkable are now viable.

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