The market for supply chain applications continue to grow at strong levels, approaching an $8Billion annual run rate. This recent report by a major analyst firm provides market validation that leading firms are investing in the transformation of their traditional supply chains into more effective, responsive and collaborative value chains, integrating the capability of their financials, order status, specs, forecasts and more. The traditional supply chain was basically the Receiving, Warehousing and Shipping function, but the New Value Chain consists of a much broader array of capabilities including design, plan, source, make, deliver and return. The New Collaborative Value Chain includes order validation, payments, ship status, and cost elements to view the total Landed Cost Management (LCM) visibility of the business. Too many companies don’t know the toal cost of importing products. A big part of the supply chain costs are buried in overhead and support costs. Firms who operate a collaborative value chain enjoy greater margins, higher inventory turns and reduced excess inventory.
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