A Little Bit About Supplier NetworksSeptember 18, 2012 Blog
Today’s supplier networks are also commonly referred to as business networks due to the value to all participants in the network. Business networks provide benefits across the supply chain including buy-side value, sell-side value, and value-adding intermediaries. Mass trading partner enablement is key to your success of leveraging the network effect. A sound strategy is to insist on a guaranteed trading partner enablement service.
Research from a recent Ardent Partners survey showed that the current usage levels of supplier networks are at approximately 19%, but a significant spike in interest is expected over the coming year with 40% of companies planning to utilize supplier networks.
What are the major differentiators between today’s business networks?
What are the most important aspects of selecting a business network?
Payables Places discusses these topics here.