Sharing Supply Chain Data in the Digital Era

Supply chains in coming years will become even more networked than they are today with significant portions of strategic assets and core capabilities externally sourced and coordinated. Effectively managing and coordinating tomorrows networked supply chains will require organizations to develop and adopt more structured collaboration models scalable approaches to enabling true data transparency and frictionless cocreation that are largely absent in today's collaboration models. In particular, access to transparent, accurate data is a prerequisite for effective supply chain collaboration and coordination. Progressive companies are already developing novel solutions to this dilemma such as data cleanrooms and digital marketplaces. Like data cleanrooms, digital marketplaces encourage network partners to contribute data, information, and ideas in exchange for gained reciprocal benefits. The real power of this approach is unleashed when different operating companies come together to jointly simulate collective buying scenarios to maximize company-wide scale.