The Supply Chain has stepped into the collaborative software era: an era in which cloud-computing enables customers and suppliers to work within the same supply chain management system, coordinating the planning and execution of the supply chain together.
This trend gets all processes of the supply chain involved, from purchasing, to project management, manufacturing, quality control and logistics. In order to tackle processes that are increasingly more complex companies worldwide are extensively investing in collaborative software.
This will ultimately connect different stakeholders, platforms and applications mobilized throughout the distribution chain to create smooth-running operations, physical and information flows.
Why Supply Chain collaboration platforms?
When multiple autonomous companies work together to plan and execute supply chain operations, it’s easy to see how collaboration problems between supply chain partners can arise.
The main reason for that is inefficient communication practices between different companies within a supply chain. The time it takes from data processing to actionable steps taken is too long – and while the supply chain management requires every day immediate answers to critical problems, the time it takes to understand these problems becomes longer due to their increased complexity.
As a result of these new challenges digital transformation has naturally become a strategic axis in the supply chain. Within this context, the platform revolution moves the traditional customer/supplier relationship towards a real collaborative approach to managing risks and resolving issues in real time, with a view to ensuring a sustainable business growth in a highly competitive environment.
This is why supply chain collaboration software is so important, especially for organizations that have complex supply chain management systems that span across several autonomous entities.
With supply chain collaboration platforms companies can develop an effective communications process with each other, which leads to numerous benefits:
- Increased Efficiency
Practices such as effective information sharing and joint effort at improving performance are key factors in improving overall satisfaction and performance of a business. And increased collaboration between the parties involved in the supply chain is the only viable solution to ensure consistent improvements in the supply chain processes and efficiency.
Having an efficient system for collaboration can greatly contribute to help suppliers offer a better service to their customers. This, of course, provides a huge competitive advantage.
- Cost Reduction
Another huge benefit of collaboration software is the potential it gives to reduce costs across the supply chain. As relationships between companies evolve, over time it provides opportunities to save on numerous expenses because the procedures related to the supply chain become more efficient.
- Increase value for customers and suppliers
The goal of a supply chain collaboration system is to consistently build value between all parts of the supply chain. If both the customers and the suppliers work to deliver value for each other in the long term, this allows for the involved companies to grow their partnership and reap the mutual benefits of the process.
As well as this, increased collaboration between the parties involved in the supply chain is the only viable solution to ensure growth.
Business people are always looking for ways to grow their business effectively: a collaborative software as NotifyMe is a tool to help you achieve that.