oboloo

oboloo Glossary

Collaboration In Supply Chain Management

oboloo Glossary

Collaboration In Supply Chain Management

Collaboration in supply chain management is an important business concept that involves the active participation of all stakeholders in the supply chain. It involves the coordination of resources, activities, and processes across the entire supply chain network. This includes the suppliers, manufacturers, distributors, retailers, and customers. The goal of collaboration is to ensure that all stakeholders are working together to achieve the same objectives. This includes improving efficiency, reducing costs, and increasing customer satisfaction. Collaboration also helps to create an environment of trust and transparency, which is essential for a successful supply chain. By working together, stakeholders can ensure that all the components of the supply chain are working in harmony to achieve the desired outcomes. Collaboration in supply chain management is essential for the success of any business, as it allows for better communication, coordination, and decision-making.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971