As a business, it can be very easy to want to integrate the latest in technology and industry trends. However, when it comes to the point of the actual implementation or getting started on the project, it can become overwhelming.
This is certainly true when just a single company is involved in implementing something new, with efforts to try to include multiple partners and other service providers creating even more of a challenge.
Companies that want to work on supply chain collaboration often find this is the case. While the idea of getting all partners in the supply chain, as well as other companies, involved in developing a more streamlined and effective system sounds great, it is often difficult to get started.
The premise of supply chain collaboration is the ability to work together with multiple members or providers in a supply chain as well as those using the supply chain to get the best possible pricing and efficiency. This is particularly important for small to medium-sized businesses that may be bringing in materials or shipping out products using LTL (Lighter than Load) freight options.
It also goes beyond this as well. It allows the companies involved in the collaboration to develop more efficient supply chain options, to build in redundancies as well as to look for options that add value.
The first and most essential step in supply chain collaboration is to look for areas where similar sized businesses and the suppliers currently in use are a good fit. In addition, it will be essential to discuss the purpose of the collaboration, and to develop a relationship of trust and mutual win-win focus between all partners involved.
Additionally, with supply chain management collaboration, it will be important to look for long-term solutions. While there may be some initial short-term gains, the real effectiveness is evident over a more significant time period.