Organizations are working with an ever-changing array of partners that makes their trading ecosystem increasingly complicated. They struggle to comply with changing global business requirements, risks and regulations while still controlling costs in a difficult economy. With so much volatility facing supply chain managers, where can technology investments lessen the complexity? Can technology solutions also help support developing initiatives like global trade management and supply chain finance?
There's no doubt that technology solutions can decrease complexity, helping companies overcome the issues they face with their trading partners. However, supply chain managers need to make smart investments in this area to find solutions that will best allow them to streamline their business processes most effectively.