Supplier networks are business-to-business collaborations in which members exchange information, coordinate activities, and optimize performance for mutual benefit. Suppliers participate in supplier networks to gain competitive advantages over the market, increasing their ability to provide quality goods and services, while lowering cost. They also leverage the network to intelligently manage global supply chains and build long-term relationships with other suppliers and customers. As a result, they can reduce costs, identify new risks and opportunities, deliver products faster, and maintain a competitive advantage in the marketplace.