Senior sourcing executives have been barraged on all fronts with the word “collaboration” and prophets spewing the need to “collaborate” in order to achieve success. Overused – maybe. Improperly used or explained – definitely. The “with who”, and “why” and more importantly “how” to collaborate are questions still not clearly defined. So we are setting out to set it straight.
In order to thrive in today’s competitive market, retail leaders need to make actionable changes to their business operations. Retailer’s have five supply chain tenets that need to be balanced in order to gauge success – cost, agility, risk, innovation and speed. This means managing the supply chain through collaboration with all of the players to achieve a good balance between each of these goals in order to maximize the total result. Retailers and suppliers can benefit when the right levels of each feature are attained.
The technology solution needed to facilitate this method of supply chain management must have the ability to collect timely, accurate and network-based data (real-time or near-real time) that can guide fact-based, timely supply chain decisions.
Billions of dollars have already been spent on PDM, ERP, TMS, WMS and other “big data” systems. In order to effectively use the information that is extracted from these existing applications, a new class of software needs to be implemented. Gartner clearly states that a growing percentage of enterprises will rethink their supply chain execution software portfolios, and adopt cross-functional platforms that support true integrated, end-to-end business processes.
As a leading collaborative platform provider, ecVision is creating a trend called “supply chain convergence”. By converging content from multiple technology sources and service providers, it will become easy for information to be mined and have more value extracted out of it. More importantly this information can be used to collaborate with suppliers of every tier where the real value is derived.
This gives the retailer the ability to effectively manage the supply stream by weighing the options when making choices that will have a better outcome. At the end of the day, all that matters is whether the consumer likes the product on the shelf and takes it home. The long journey to that objective is where ecVision Suite can help.
Stay tuned into ecVision’s marketing activities as we aim to arm you with in-depth ways you can leverage ecVision Suite’s collaborative technology to achieve sourcing success.