How to better collaborate with your Suppliers and enhance your Supply Chain
Imagine that your company has all those IOTs devices at the warehouses and factories, advanced planning systems and all the state of the art means of production, but doesn’t have a reliable system to interact and collaborate with their Suppliers? Many companies adopt the Contract Manufacturing model (also named Subcontracting) where theirs Suppliers are responsible to build their products and send to them the finished products. Other companies receive from Suppliers some raw material and send them to other more specialized Suppliers to finish the products needed. More specifically, contract manufacturing is an outsourcing of certain production activities that were previously performed by the manufacturer to a third-party. A company may outsource the manufacture of certain components for the product or outsource the assembly of the product. The Boeing aviation company use this subcontracting model to receive parts from the 787. Their supplier network includes wings manuf