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Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Clothing and fashion: Shorter collection lifecycles call for rapid productdevelopment. That makes agility a foundational part of your manufacturing strategy.
Stronger risk management and supply chain resilience Effective collaboration provides greater visibility into potential risks, such as raw material shortages or market disruptions. In this type of collaboration, businesses and suppliers work closely together to design and develop new products or improve existing ones.
Increased sustainability and ethical sourcing Modern businesses are increasingly aware of their environmental and social impact, and operational procurement management is at the forefront of this change. This benefit contributes to long-term growth and ethical business practices.
It includes everything from productdevelopment and strategic decision-making to information systems and new technologies. Technology-driven visibility AI and machine learning can be used to analyze large amounts of data quickly and accurately, providing insights that can improve forecasting, inventory management, and customer service.
80% of our new productdevelopments will be successful’. These aspirations can be accompanied by vivid future planning descriptions like: ‘our plans will provide visibility to anticipate issues before they eventuate’. ‘we Functions are mostly focused on themselves and will reap benefits, but miss integrated visibility.
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