Vertical Collaboration Definition
In business, vertical collaboration is a type of partnership between two companies at different levels of the same supply chain. The companies work together to improve the flow of materials, information, and money between them. The goal of vertical collaboration is to create a seamless system that is more efficient and cost-effective than working independently.
There are many benefits of vertical collaboration, including:
-Improved communication and coordination between different levels of the supply chain
-Reduced costs and improved efficiency
-Improved quality control
-Increased customer satisfaction
