Supply chain executives also acknowledge that gaining a 360° view of suppliers is a top priority (McKinsey & Co. says that 93 percent of procurement and supply leaders are examining their supply chains and looking for ways to increase the resilience of those critical networks).
But one of the biggest challenges to gaining a 360° view of suppliers is disparate siloed technology systems, without any ability to bridge and connect with suppliers in a user-friendly and real-time collaborative environment.
Once overcoming such an obstacle, achieving visibility with suppliers can have significant results:
This is of huge potential benefit to manufacturing companies, especially those that rely on just-in-time component and materials delivery, and will improve OTD rates and assemble lines shutdowns with the costs associated with such problems.
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