McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In some industries, suppliers account for over 80 percent of the value of the products that are produced. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers. Companies with close collaboration with suppliers outperform their peers. Depending on the industry, companies can see cost savings of 5 to 10% and revenue gains of 7 to 10%.
Menu
RESILINC BLOGS
About Resilinc
We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Recent Posts
Recent In the News
< 1 MIN READ
We Are Tech Women
< 1 MIN READ
We Are Tech Women
Resilinc CEO and co-founder Bindiya Vakil is credited with bringing supply chain risk management into the...
< 1 MIN READ
Crain’s Chicago Business
< 1 MIN READ
Crain’s Chicago Business
A potential rail workers strike looms again this year with an extra wrinkle—the holiday season could...
< 1 MIN READ
Warehousing Logistics International
< 1 MIN READ
Warehousing Logistics International
Despite facing numerous upheavals inflicted by supply chain disruptions in the last decade, most companies still...