Supplier Collaboration Definition
Supplier collaboration is a business relationship between two or more organizations in which they work together to improve each other’s performance. The objectives of supplier collaboration can vary, but they typically include reducing costs, improving quality, and increasing innovation.
In order to achieve these objectives, supplier collaboration requires effective communication and coordination between the organizations involved. It also requires that each organization be willing to share information and resources with the others. Finally, supplier collaboration often relies on technology to facilitate communication and coordination.
