Does the idea of universal supply chain connectivity seem elusive to your company? Here’s some best practices that can improve your odds.
Nothing resonates more strongly with large companies that have hundreds or even thousands of suppliers than the concept of supply chain integration. True integration. often called universal supply chain connectivity. can result in constant improvements in the breadth and depth of the electronic interactions with suppliers. which can ultimately mean increased profitability.
Building this universal connectivity can take multiple forms. Though many members of the Fortune 1000 have already significantly integrated with their tier-one suppliers. universal connectivity could mean extending that integration to the small and mid-sized. or second and third tier. suppliers. Or it could mean deepening the level of integration with suppliers that are already electronically enabled by adding new transaction sets or even collaborative business processes to the current platform.