Strengthening Supplier Collaboration with Technology

Procurement is expected to unlock supplier innovation while continuing to minimize risks and manage costs. Strengthening collaboration through the use of technologies is the path to getting desired outcomes in supply chains.
By Donna Benjamin

A decade ago, the procurement function began undergoing a transformation when it was asked to assume a variety of new responsibilities, including minimizing supply chain disruptions, maintaining quality while expanding globally, reducing environmental impacts through sourcing and procurement decisions and, most recently, unlocking supply chain innovation.

Experiencing any or all of these outcomes requires a strong system of supplier collaboration which can be efficiently accomplished via technologies combined with integration strategies designed to take advantage of the technologies to reach the desired level of supply chain excellence.

Technology Transforms Supplier Collaboration
In Ma...

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