Supplier collaboration is essential to supply chain risk management, and as PRTM has shown, companies that have implemented operational flexibility and collaborative initiatives are now realizing significant business benefits.
Unfortunately, though, building collaborative relationships with suppliers is often easier said than done.
Even though virtually every aspect of our work day has been transformed by Web 2.0 communication platforms, these technologies have been slow to infiltrate supply chain management. In fact, most companies today still rely on phone, fax, email and spreadsheets for collaboration with suppliers. These methods are frustrating, costly, inefficient –and perhaps worst of all, they’re risky, too.
Shouldn’t there be a better way?
At Aravo, we think there absolutely should be a better way. And that’s why this week we released Aravo AssureTM, an innovative web-based B2B social network built to revolutionize the way businesses engage, share data and collaborate.
The concept is relatively simple . . . and long overdue. Using Aravo Assure’sTM Enterprise 2.0 technology, trading partners are empowered with an industrial-strength collaboration platform and many-to-many communications framework designed to facilitate information exchange, while reducing the expense and administrative burden on both parties. That means Aravo AssureTM makes it easier than ever before for suppliers and buyers to build robust, collaborative relationships –the kind of relationships that ultimately, mitigate supply chain risk. (more…)