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What is Supply Chain Collaboration

Encyclopedia of Data Science and Machine Learning
Two or more distinct companies within a supply chain establishing long-term, mutually-beneficial relationships based on trust, information sharing, and decision making to achieve common goals.
Published in Chapter:
The Application of the Internet of Things in Managing Supply Chains
Matthew J. Drake (Duquesne University, USA)
Copyright: © 2023 |Pages: 15
DOI: 10.4018/978-1-7998-9220-5.ch138
Abstract
Internet of things (IoT) devices collect data about current environmental conditions faced by people, products, equipment, or machinery in the supply chain. Leading organizations are using this real-time data to proactively manage their supply chains more efficiently and effectively. This article discusses the application of IoT technology in the supply chain and the common benefits it can generate such as supply chain visibility, supply chain traceability, supply chain transparency, supply chain risk management, supply chain collaboration, and flexibility and agility. It also presents the challenges and risks that firms face when implementing IoT technology in their supply chains.
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More Results
Inter-Organizational Information Systems in the Supply Chain
A form of interfirm partnerships which are established in order to obtain advantages, such as cost sharing, pooling or spreading risks, specialization or the access to complementary resources within supply chains.
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Shifting Gears: Redefining Supply Chain Visibility
An approach for all parties involved in the execution of a supply chain process to work together, share data and updates without the need for application programming interfaces (APIs) or electronic data interchange (EDI).
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Web 2.0 Model in Cultural Organization: Case Study Peepul
Supplier relationship management solutions allow you to create a collaborative environment that involves every nodes of the supply chain. The sharing of information in real time via web makes it possible to reduce asymmetric information, facilitating the control of the performance of each node.
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Technology-Enabled Marketing and Supply Chain Collaboration
Supply chain collaboration can be defined as the relationship developed for a long time between supply chain members for mutual benefits and goals accomplishments including lowering cost and risk as well as improving quality and market value.
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Factors for Effective E-Collaboration in the Supply Chain
Integrating the business processes of two or more organisations in the supply chain, embedding activities to form a jointly-owned emerging system with shared goals.
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Supply Chain Relationships: From Conflict to Collaboration
Occurs when boundary spanning relationships exist between mutually dependent firms who work together for joint success. The primary focus for these firms is the overall well-being and success of the supply chain.
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