The need for specific supplier expertise in areas like multiculturalism, technology, global laws and innovation has never been more important than in today's business environment. Onboarding to promote collaboration is the key to maximizing the advantages that diverse suppliers bring, and data analytics can help.
By Gerald Donald

Many supply chains today stretch across geographical and functional areas at the same time, creating a complex need to develop strategic partnerships that advance the organization's missions and goals. As businesses work to increase diversity in their supply chains, they are realizing that suppliers in siloed functions – geographically or organizationally based – are not effective.

Since business success depends on the successful collaboration and integration of strategic suppliers, business leaders need to strengthen the collaborative supplier processes, and that begins with the onboarding process.

To bring a s...