Supplier Collaboration reduces supply chain variability by sharing demand and supply forecast with customers and suppliers across multiple tiers.
GT Nexus Supplier Collaboration allows buyers to share production plans, forecasts, commitments, and orders, allowing suppliers to be more responsive when meeting demand requirements from thousands of miles away. With a high level of communication in the cloud, companies can improve on-time delivery rates to customers and adapt to rapidly changing demand without adding to inventory costs. Supplier Collaboration aligns supply and demand across tiers.
Communicate supply plans and forecasts earlier to remove potential friction.
The real challenge is managing exceptions and being able to accelerate the flow of information to deal with changes to the plan. I think that is the opportunity where some of these newer platforms have an advantage… communicating data and information between trading partners much more quickly than EDI systems.
Patagonia improved supplier relations, reduced costs, and increased visibility across its global network of partners.
The information model behind social networks enables instant updates across an entire community.
Collaboration has taken on new meaning in light of cloud computing networks and progressive practices for sharing everything.