Achieving supply chain transparency requires incentives for all partners

07/25/2014 | Modern Distribution Management

Companies seeking to improve their supply chain transparency must offer incentives to all parties, said Lalit Wadhwa, vice president of global supply chain operation for electronics distributor Avnet. "If only some of the partners benefit, there's no reason for the other partners to invest in the necessary changes," Wadhwa said. Supply chain transparency benefits companies by improving communication, allowing companies to benchmark and standardize data sharing, and enabling predictive and prescriptive analytics along the chain, Wadhwa added.

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