“ When it comes to convincing suppliers to digitise , they care about three things : simplicity , transparency and speed ”
CHRISTOPHE LEMAITRE TEAM LEAD , ONBOARDING STRATEGY , TRADESHIFT
low-value processing tasks and virtually no time understanding the financial health of their supply chains .
The lack of shareable real-time data also means that finance and procurement departments are often forced to operate in silos . So , when CFOs are tasked with looking at options to increase cash flow , they are often forced to base decisions on fragmented information .
Digitalisation gives teams on the buyer ’ s side better data to make informed decisions and , ultimately , more time to understand the impact that any decisions they take will have on suppliers .
Plus , the robust data these systems provide on buyer and supplier relationships opens the door to innovations that offer value to suppliers – from increased access to curated marketplaces , where they can seek out fresh commercial opportunities , to digitised financing options that help them unlock faster access to working capital . MRM : Visibility is king ! New EY research shows how to design and operate resilient supply networks , and visibility is foundational to that . Supply chains have always been data-rich – full of transactional information that collectively visualised and analysed to help companies make sense of an operation ’ s status and create live digital twins of global , regional and local operations . supplychaindigital . com 49