David Cahn's article entitled, "We Know Where the Material Is, But … Where's the Payment?" is featured in SupplyChainBrain. The article discusses the benefits of a digital supply network integrating the entire payables and collection process for trading partners.
Advanced supply chains of today connect buyers and sellers in a digital manner for their order and shipments. Often the benefits of rigorous procurement policies between trading partners are ignored with pricing discounts, service levels and rigorous procurement protocols disregarded in an effort to just "get the business done." The buyer may get the raw materials ordered, but the products aren't of the typical quality at the right price. Communication and collaboration are lacking.
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