Companies are increasingly partnering with external organizations to make their supply chains more efficient and cost-effective. As new partners come in, however, the overall supply chain becomes more complex. In order to manage this complexity, companies need to collaborate in real time, but most still use manual processes and legacy technologies, making this goal nearly impossible. The advent of business networks on cloud platforms provides the opportunity to achieve real-time visibility into supply chain conditions, allowing organizations to respond nimbly and add millions to their top and bottom lines.
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