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Supplier Network Collaboration

oboloo Glossary

Supplier Network Collaboration

Supplier Network Collaboration is the aligned works of a team of suppliers, working together to enhance their ability to produce goods and services while improving customer value. It encourages each member of a supply chain to act as part of a collective entity, sharing information, technology, and resources in order to achieve maximum efficiency. Supplier network collaboration facilitates timely access to quality products and services that meet customer requirements at a competitive cost. It can reduce costs, generate cost savings or avoidance, create efficiencies for both supplier and buyer, shorten lead times, strengthen relationships among members in the supply chain, and improve customer service.

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