Continued from Chapter 1: The Challenges of Global Trade
Companies that rely heavily on manually intensive processes struggle to get their products from concept to creation in an efficient manner. With multiple product lines and changing consumer demands, the sourcing and production phases within the product lifecycle require close collaboration between companies and their buyers and suppliers. A lack of communication can lead to bottlenecks and increased costs. It’s imperative for companies to find a way to effectively collaborate with their suppliers to ensure success.