ISLAMABAD: Supply chain collaboration is the interaction between two or more parties that play an important role in the supply chain in order to achieve common goals or to obtain mutual benefits supported by the technology.
Supply chain collaboration is an innovative idea which focuses on collaborating the various business partners and bringing them on the same platform.
There was a time when a single company might have owned the processes of raw material sourcing, transportation, distribution, sales and marketing. The entire supply chain falling under the direct control of one enterprise.
But now a days it is decentralized involving dozens of companies, all playing different roles in the demand and supply cycle. In this no single entity have complete control of materials and sources.
The major benefits of collaboration include; future expectation and changing behavior can be monitored and right product can be offered at the right time. It focus on the cost reduction from the point of origin to the point of delivery.
Companies are using SAP as a platform for collaboration. It automate the process like order processing, invoicing and shipment tracking, and make data handling easy, Handles the manufacturing and distribution process based on the stock available. Increases the collaboration and communication between partners, suppliers and distributers.
