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By seamlessly integrating supply chain suppliers, manufacturers, distributors, and retailers into a single
virtual enterprise serving the customer, companies are achieving huge competitive advantages. Companies such as Federal Express, Proctor & Gamble, and Wal-Mart have used the networked supply chain to dramatically transform the competitive landscape of their markets.
In a networked supply chain, each supplier and partner can securely access key business information and is empowered
to make informed decisions to best serve customers. The benefits
of a supply chain include
Faster inventory turns throughout the supply chain, reducing both inventory
carrying costs and overall product cost base.
Enhanced customer satisfaction through online order entry and configuration.
Flexibility to design, ramp up, and retire products rapidly in response to
customer and market demand.
Shorter engineering-to production cycle time to increase market share.
Ability to sustain product quality while outsourcing major portions of the
fulfillment process.