More organizations are investing in business-to-business electronic integration (B2Bi) to cut costs and increase business flow efficiency, according to a survey of more than 200 organizations by the University of Tennessee's Global Supply Chain Institute and integration provider DiCentral.
Businesses that struggle to establish solid lines of communication for collaboration will also most likely struggle when implementing business process management software.
Sixty percent of supply chain managers say their organization is too focused on internal, tactical concerns to be able to collaborate effectively with external partners, at a time when globalization is forcing companies to view and use their supply chain more effectively.
Analyst Insight: EDI continues to grow steadily each year. And with markets in growing economies yet to penetrate (Asia and South America), EDI has had a challenge making a firm beachhead in emerging markets, though EU and North American business partners from the retail, automotive, healthcare and financial services industries, to name a few, rely on and require EDI as their language of trade. - Ann Grackin, CEO, ChainLink Research
Too many companies are still plagued by a "siloed" mentality which keeps various functions from collaborating fully on demand planning. But Arnold Mark Wells, principal of End-to-End Analytics, sees reason for hope.
The maker of sophisticated medical equipment had reached a "plateau" in its efforts to boost customer service and optimize costly inventory within its global operation. Then it found a way to climb higher.
High-tech firms have had to deal with volatile demand as consumers preferences have rapidly changed in view of innovative products and services. Market velocity is so high in this sector that products and entire companies can go from "high flier" to "crash and burn" very quickly. Even leading companies with strong brands have to continue to develop revolutionary products and new business models to stay relevant.
Inttra, provider of a shipper and carrier network for ocean transportation, has joined with SeaIntel Maritime Analysis, which offers insight into the container market, to improve ocean carrier schedule reliability.
