So it’s essential that you can get some visibility into your supply chain and make sure your organization is doing everything it possibly can to stay on top of your network. And what’s one of the best ways to do this? Collaboration.
Here are 3 reasons your supply chain organization needs to have collaboration as one of their KPIs.
#1: More Open Lines of Communication
Business partner collaboration means the lines of communication are open. Can you expect to be the first call every time your supplier’s business is impacted in a way that might affect the goods and services they deliver to you? No, you can’t. (And that’s why you should make sure you’re actively monitoring this kind of thing.) But are you a lot more likely to be able to find out what you need to know if you’ve got collaborative relationships with these partners? Of course you are. Knowing your business partners and establishing open lines of communication is an absolute must.