Today I will like to talk about various recent trends that are observed in the supply chains across globes. Although details of these trends could be found if searched on internet, my purpose of mentioning them here to provide a pointer to the information, which else would have take a lot of time to be discovered or identified.
It will be difficult to imbibe loads of information on one go therefore; I will be providing details regarding the recent trends also in the coming posts.
Let’s begin with the concept of vertical vs. virtual integration.
One of the most recent trends is the movement of industry from Vertical integration to Virtual integration that is outsourcing. Of course the concept of outsourcing is not new to anyone but complications involved with outsourcing are immense. Given that so much is outsourced to the suppliers that they truly appear to be an extension of a firm’s own business. Therefore in order to succeed what is most important is to merge their metrics with firm’s own metrics.
This dear friend is called CONVERGENCE. The phenomenal new trend which aims at enhancing collaboration, reducing costs and improving profitability across the supply chain.
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