The Business Performance Management (BPM) Forum and the Chief Marketing Officer (CMO) Council recently did a survey on approximately 400 executives, many from companies worth more than $1B. They determined that while most organizations understand that supply chain collaboration should be a top priority, most have yet to achieve it.
Logistics Management has summed up the study findings:
"According to the survey results, the problem is pretty widespread. About 50 percent of the respondents said they were focusing on collaboration "at some level," but that only 5 percent were actually doing it end-to-end. In addition, 75 percent said they have "no ability" or "an unsatisfactory ability" to extend and leverage their internal systems to suppliers and outsourced service providers. And 26 percent of respondents say they share customer data and insights with partners to enable innovation."
The key to a synchronized supply chain is to extend processes to all trading partners to work off of one set of documents and eliminating errors due to losing a document or re-keying information into a secondary system. If an organization is not well-connected to their suppliers, forwarders, and Customs brokers, then this synchronized supply chain is not easy to achieve. Using automated solutions such as Supplier PO Management and Supplier Solicitation Portals from Management Dynamics new Trade Portals product line, can help you collaborate with your trading partners to ensure you don't fall into that 75%.
To learn more about our Supplier Portals solutions, please send us an email (Solutions@ManagementDynamics.com) or visit our website.
To read the full article from Logistics Management, mentioned above, please follow this link.
This post was published on December 10, 2009 and updated on February 21, 2014.
