Experts from Accenture and o9 Solutions lift the lid on why supplier collaboration platforms have become integral to today’s business operations.
In today’s business environment – one that is dominated by disruptions – companies must find new and innovative ways to ensure proceedings run as smoothly as possible.
As conflict, increased geopolitical tension and extreme weather wreak widespread havoc on supply chains, leaders find themselves in a position where they must also consider changing customer demands, a heightened focus on sustainability and groundbreaking developments in technology.
Supplier collaboration platforms are a prime example of this, providing the kinds of capabilities that not only help organisations overcome challenges, but improve their ability to manage supply chain operations in the future.
Supply chains become ‘strategic opportunity’
Throughout 2021 and 2022, firms across the globe lost out on a staggering US$1.6tn in revenue growth because their engineering, supply, production or operations were disrupted, according to Accenture.
CSCOs – and C-level executives more broadly – are therefore being challenged to take insight-driven actions to create new value and growth.
The key is to build connected supply chain networks that sense disruption and opportunity, continuously adapting while considering cost, sustainability and customer impact simultaneously.
“Leaders are re-evaluating the supply chain as not just operational, but also a strategic opportunity. Now, the solution is collaboration and partnership around a 'single source of truth'. There has been a mindset change that involves businesses recognising that maintaining their own data no longer provides the key to competitive advantage.”
- Sari Mackay, Supply Chain Lead at Accenture ANZ.
Sari’s take is that collaboration with external stakeholders is needed to deliver agility, resilience, automation, sustainability, surety of supply and Big Data insights – all elements on which a successful future depends.
Such a collaborative approach has the potential to create a consortium of like-minded companies looking to find cost reductions and increased efficiency by pooling talent and resources.
Nucleus as a 4PL Supply Chain as a Service provider gives customers supplier, customer and service provider coordination.
Source: Supplychaindigital
Comments