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However, one element that underpins management of the supply-chain is collaboration.
Collaboration means firms share information in an accurate and timely manner so all businesses in the supply-chain can adequately plan forward inputs and outputs, dispatch product, manage risk and maximise return on investment...
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This improves the overall functioning of the supply-chain and ultimately the individual firm's bottom line. The key to collaboration is communication and the key to better communication is electronic transfer of information.
The Internet
Proven supply-chain models rely on the Internet to transfer information electronically, which underpins communication and collaboration between businesses along the supply-chain...
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