Supply chain collaboration is the process of coordinating between buyers, suppliers and other stakeholders to better manage the procurement process. It’s based on the principle of goodwill: each party works for the benefit of all to deliver a higher-quality product or service. By leveraging technology and communication platforms, supply chain collaboration enables shared visibility and insights, tighter partnerships, and increased transparency and trust in the overall process. With an improved understanding of what goes into supplying a product or service, organisations can foster deeper relationships with their suppliers for greater efficiency and satisfaction.