Collaborative Commerce: Is the Chemical Industry Wired for Change? (Chemical companies' supply chain management)

Author:

Cynthia Challener

Summary:

More intimate customer/supplier relations with shared demand forecasts will make the supply chain more efficient, so why are chemical companies holding back? Collaborative commerce is emerging as an attractive and potentially significant new means of decreasing costs and increasing revenues, but before companies can participate they need to evaluate the quality of their IT infrastructure and data, address the cultural and political aspects of sharing information with external partners, and adapt non-traditional views of doing business with customers and suppliers.