Managing global supply chains in the face of supply and demand fluctuations necessitates a coordinated approach known as supply chain convergence.
• Supporting customers and other stakeholders.
For instance, the retail supply chain of old has been transformed by the recent rise in e-commerce and omnichannel models—by marketplaces like Amazon and eBay—and increasing D2C selling models, all augmenting the traditional brick-and-mortar model. Yet, in such a complex world, supply chain functions hardly talk to each other.
Take inventory of what is happening at key integration points along your supply chain, both inside and outside the four walls, and use this intel to size up the temperature and quality of your most lucrative trading partner relationships.
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