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