Increase Your Efficiency with a Network
Two heads are better than one, and a network is more efficient than an individual. Wharton Business School published an article recently that explains how companies should build up their external network of people, institutions and other companies to help solve problems or come up with new ideas. This makes a lot of sense – in the business world, it’s important to look at a situation from multiple perspectives in order to see the big picture.
This concept transfers over into supply chain management. The larger a company grows, the more complex it’s supply chain will be. A complex supply chain naturally means that more carriers, suppliers, people and organizations will be involved in its operations. There’s your network. It’s important to work with all of these people and tap into their industry knowledge on how the supply chain can be run in the most efficient way possible. If you’re concerned about being able to maintain productive communication with so many trading partners, a Supply Chain Visibility software solution will quickly solve that problem.
Please read the full article from Wharton here: Innovation: Sometimes it Takes a Village
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