Collaborative Logistics Definition
Collaborative logistics is the sharing of resources, information and best practices between companies in the supply chain in order to improve efficiencies and reduce costs. The goal of collaborative logistics is to create a seamless, end-to-end supply chain that provides visibility into every step of the process.
In order to achieve this, companies need to have systems and processes in place that allow for the sharing of data and information. This includes things like inventory levels, shipment tracking information, supplier performance data, etc.
The benefits of collaborative logistics include reduced costs, improved efficiencies, and increased customer satisfaction. When done correctly, it can create a competitive advantage for companies involved.
