What is Supply Chain Collaboration?

Supply Chain Collaboration Definition

Supply chain collaboration enables multiple organizations to work together in pursuit of a common goal. Automating review and approval processes or creating ways to collaborate in real-time accelerates many functions such as product design, new product development (NPD), new product introduction (NPI), supplier qualification, quality management, and corrective action preventive action (CAPA). Implementing more effective supply chain collaboration processes results in improved service levels, increased customer satisfaction, reduced costs of goods sold (COGS), improved quality, accelerated time to market, increased profitability, and improved market share.