It’s called a supply network, and the keyword here is network. You rely on your suppliers, they rely on their suppliers, and so on and so forth. It’s a necessary chain, but it’s also a risky chain. If one supplier goes down, it can have widespread ramifications. 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.
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.