Engaging with suppliers, particularly direct procurement, is largely a 1:1 process with poor visibility into performance, generally poor recognition of disruptions and a lack of agility to pivot to new supply/suppliers as market conditions dictate.
Goals and Objectives
Enhanced visibility, intelligence, and agility for more resilient supply and faster recognition of potential disruptions quickly identify alternative sources of supply and optimize time to recovery and minimize adverse business impact.
– Hardware: Mobile, edge computing, IoT, industry cloud, and business network
– Software: Cognitive and big data and analytics
– Services: Business consulting and IT services
Use Case Summary
Employment of a multi-enterprise supply network facilitates the exchange of information and/or transactions between disparate parties pertaining to procurement or supply management processes. The ability to seamlessly collaborate with key supplier means better access, insight, and business continuity.