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While planning a budget for Newton SCM, or in fact, any supply chain management software, there can be multiple hidden costs. Besides the subscription charges, companies could incur more expenses for stock holding, the storage of goods, and loss through spoilage or obsolescence. Then there are transportation costs, which include fuel price changes, return trips, and product returns. There are also the costs of setting up the software, transferring data, and training staff involved. Costs can also go up because of supplier delays, poor quality of products received, and not taking advantage of bulk discounts that can be missed. Admin work, compliance rules, and lost sales due to stock problems also influence the total budget.
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Newton SCM
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