1. According to New Study on Collaborative Execution Finds Supply Chain Collaboration Can Improve Operational Metrics by...
Question:
1. According to “New Study on Collaborative Execution Finds Supply Chain Collaboration Can Improve Operational Metrics by 50 Percent or More” (2012), By a ratio of nearly two to one, supply chain professionals agreed that one of the biggest barriers to successful collaboration is a slow issue resolution process.This was identified as a systemic problem related to quality of information flow, in terms of both the granularity
(level of detail) and timeliness of data shared.
And 92 percent of respondents agreed that rapid problem resolution was part of good collaboration.True collaboration can be defined in terms of speed, both in problem solving and in organizational learning. More than half of the responses indicated that speed of response in truly collaborative relationships was twice as fast or faster, with learning curve improvements more than 50 percent greater than in non-collaborative trading partner relationships.
(See Chapter 10 Link Library for http://e2open.com/news/
article/new-study-on-collaborative-execution-findssupply-
chain-collaboration-can-improveoperational-
metrics-by-50-percent-or-more/).
Step by Step Answer:
Information Technology For Management Advancing Sustainable Profitable Business Growth
ISBN: 9781118357040
9th Edition
Authors: Efraim Turban Linda Volonino Gregory R. Wood