Cost matrix
Definition
a cost matrix refers to a strategic tool used to evaluate and analyze the costs associated with various supply chain activities and decisions. It is a structured framework that considers multiple cost factors such as transportation, inventory holding, warehousing, packaging, and more. The cost matrix provides a comprehensive view of the financial implications of different options, enabling organizations to make informed decisions that optimize costs and enhance operational efficiency.
Oops! Something went wrong while submitting the form.
Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers
Talk to one of our supply chain experts to get started now.
Talk to an Expert
