- A recent Deloitte survey of 600 executives at manufacturing and retail companies found that 63% were highly concerned about risks within the extended supply chain comprising vendors and customers, ranking it among their top-two concerns. The executives surveyed also cited “lack of acceptable cross-functional collaboration” as the number one obstacle to managing risk effectively. These survey results indicating a serious lack of collaboration and coordination among trading partners.
I believe that technology holds part of the answer. A many-to-many network would provide the kind of system coordination that “cross-functional collaboration” requires, curing the dysfunction that exists within today’s supply chains.
Latest posts by Greg Brady (see all)
- Why a Network Model Makes Sense for Automotive Suppliers - July 30, 2019
- The Financial Impact of Master Data Management - February 5, 2016
- Sharing the “Best Version of the Truth” with Trading Partners - January 18, 2016