SUPPLY CHAIN suppliers – a status which grants you privileged access to supplier ideation , existing IP , and future innovation ,” says Perera . “ In highly competitive markets and verticals where even small innovations make the difference between leader and laggard , this status confers considerable competitive advantage .”
It ’ s true that partnering on supplier innovation is not a new concept in 2021 , but is still difficult . Oil and gas giants are quickly rallying their suppliers to provide groundbreaking green energy solutions . Car and consumer electronics brands are pressuring their suppliers to develop new avenues to manufacturing and source semiconductors , sidestepping the biggest foundries that have failed to keep up with demand .
Time and again , Perera says , organisations routinely fall short on collaborating in a fashion that is “ agile , efficient , transparent ” and able to innovate at scale . “ Many organisations consider
themselves leaders in collaboration , but frequently use siloed , offline ways of working that lack systematic people and process governance ,” says Perera . But technology has caught up with the ambition .
Technology is Paving the way for Supplier Innovation Digital transformation has broken down the barriers between organisations and their suppliers . Centralising communication , accountability and transparency through next-generation collaboration platform such as Vizibl , which Perera co-founded , has revolutionised the way organisations interact . As well as building trust , Perera says the platforms provide a unified and consistent governance process to bring structure to an array of simultaneous projects . These aren ’ t just contractual obligations , but about defining the quality and mitigating the costs and other ramifications associated with delivering past deadline .
supplychaindigital
. com 73