Supply Chain Management IT solutions
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Activity:
Question posted: 04 25 2008 01:26:19 +0000,
3 answers, 197 views, last activity
07 06 2010 20:18:08 +0000
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Hi,
Everything said above is true and these have been driving factors for long. Just to add, a new driving factor for collaboration in SC is the concept of green SC. Presure is increasing constantly on the companies to be more energy efficient. To achieve this they need to work closely with every one in there SC enviornement, I may not be wrong in saying that even competitors will have to collaborate as we have limited resources.... recent OIL price fluctuations are just an indicator of what is to come in future.
This would bring a next level of SC collaboration and first movers as always will have advantage.
Cheers
Pradeep
Hi Rahul
The reason for an organization to collaborate with the suppliers can be understood with these briefings:
Supply chain collaboration has become a new imperative strategy for companies to create competitive advantage (Horvath, 2001; Spekman et al., 1998). A closer relationship enables the participating companies to achieve cost reductions and revenue enhancements as well as flexibility in dealing with supply and demand uncertainties (Bowersox, 1990; Lee et al., 1997). Hewlett-Packard (HP), for instance, initiated collaboration with one of its major resellers (Callioni and Billington, 2001). These collaborative efforts, which focused on co-managed inventory by considering different levels of demand uncertainty, enabled both parties to improve fill rate, increase inventory turnover, and enhance sales.
Similarly, Wal-Mart collaborated in demand planning and replenishment with its major suppliers to increase inventory turns, reduce inventory costs, reduce storage and handling costs, and improve retail sales (Parks, 1999).Supply chain collaboration requires a reasonable amount of effort from all participating members to ensure the attainment of potential benefits (Barratt and Oliveira, 2001; Corbett et al., 1999). The chain members also search for better practices and ideas through benchmarking their current collaborative practices to other collaborative supply chains.
Hi Rahul , the answer to your question is :
It helps in :
- Sharing information and integrating processes up and down the supply chain
- Internet-enable processes, such as collaborative planning, forecasting, and replenishment (CPFR) and vendor-managed inventory (VMI)
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
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