Collaboration is happening with or without you
Posted 06-04-2009 at 02:10 PM by Albert Fong
Here’s an interesting trend…more companies are starting to collaborate.
More companies are beginning to collaborate with their suppliers during the economic downturn which means companies that aren’t already doing so will only continue to fall further behind.
According to U.K. supply chain management consulting firm LCP Consulting, 66% of companies are now focusing on collaboration, and 45% are looking at risks to their supply chain. If you don’t have visibility into your supply chain, you can’t even begin to collaborate let alone have a clear picture into the things that adversely affect your business.
“Our research demonstrates that companies are starting to move towards collaborating with their key suppliers to find common solutions. If carried out effectively, building and nurturing these key relationships along the supply chain will help them get more for less; whereas if companies just negotiated on price they will miss out on the benefits, and their suppliers will leave them high and dry when times get tough. For many companies this is a new skill and mindset, but the future will be about co-operating and competing through shared supply, manufacturing capacity, and distribution and logistics.”
As previous articles has stated, the economy will improve, and the smart ones are already preparing for that now. Companies that wait too long to implement supply chain efficiencies will only have a tougher time competing and surviving.
Manufacturing & Logistics IT
“Companies are starting to collaborate with their suppliers”
June 3, 2009
http://www.logisticsit.com/absoluten...4667&zoneid=27
More companies are beginning to collaborate with their suppliers during the economic downturn which means companies that aren’t already doing so will only continue to fall further behind.
According to U.K. supply chain management consulting firm LCP Consulting, 66% of companies are now focusing on collaboration, and 45% are looking at risks to their supply chain. If you don’t have visibility into your supply chain, you can’t even begin to collaborate let alone have a clear picture into the things that adversely affect your business.
“Our research demonstrates that companies are starting to move towards collaborating with their key suppliers to find common solutions. If carried out effectively, building and nurturing these key relationships along the supply chain will help them get more for less; whereas if companies just negotiated on price they will miss out on the benefits, and their suppliers will leave them high and dry when times get tough. For many companies this is a new skill and mindset, but the future will be about co-operating and competing through shared supply, manufacturing capacity, and distribution and logistics.”
As previous articles has stated, the economy will improve, and the smart ones are already preparing for that now. Companies that wait too long to implement supply chain efficiencies will only have a tougher time competing and surviving.
Manufacturing & Logistics IT
“Companies are starting to collaborate with their suppliers”
June 3, 2009
http://www.logisticsit.com/absoluten...4667&zoneid=27
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