Supply Chain Systems have started to adapt the Internet to create online marketplaces. These online marketplaces help in reducing the operational cost of supply chain functions. The primary cost reduction is achieved through the following:
Members of supply chains can find quick and reliable information they need. This helps to complete an exchange of goods or services, and receive rapid payments through improvisation of the following key areas:
- Sourcing
- Supply
- Direct Transaction
- Collaboration
Read on to learn more about how to improve your Supply Chain Management!