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Global TradingOne World, One Vision in Supply ChainThe concept of Global Trading Networks (GTN) in Supply Chain is now becoming more widespread. When electronic data interchange (EDI) was introduced, this was the first big step towards externally linked business systems but these were purely transactional. Companies would often send order information to a supplier and receive despatch information in return.Since then and primarily due to the emergence of the World Wide Web, the opportunities for integration are becoming more cost effective and hence available to the small and medium enterprises (SME's). Collaboration across a broad range of supply chain processes makes the whole value chain more competitive. We are now at the point where global integration opportunities are becoming reality, but the future model will be based around dynamic collaboration, not static collaboration. Businesses will join together to produce customised products and services, then break apart and reform to cater for changing market requirements.
The most efficient business to business relationships will be the ones that have seamless integration between partners and the business processes. Within a few years, the on-line exchange will become the accepted standard for collaborative supply chain management. |
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| Page last updated: 13 March 2008 | |
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