Firms looking to streamline their supply chain strategy and maximise input will find that collaborative planning is the solution to their problems, it has been claimed.
A post on the Perceptant blog noted that the business-to-business concept of supply chain collaboration has only recently come to the forefront but is set to remain there as companies realise the benefits.
The blog pointed out that it can enable firms to collaborate with suppliers on a mass scale, as well as scheduling production, managing inventories, transferring goods and coordinating logistics seamlessly and cost effectively.
"In essence, supply chain collaborations are two or more companies working jointly to develop shared information, develop joint plans based on that shared information and consequently execute their businesses with greater success," the source noted.
Recently, consumer good supplier Unilever has revealed it is targeting the emissions in its supply chain strategy in a bid for continuous improvement.
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