B2B standards based on EDI or XML formats run the global economy. The benefits of these standards is primarily interoperability which makes it easier for parties to exchange and interpret data.

The recent unfortunate incident involving Malaysian Airliner crash has exposed the problem with machine and sensor data using proprietary formats. The moment a machine moves out of pre-determined path, other machines do not know what is going on and do not even understand  what object is showing up on radar.

For companies, having a real-time, end-to-end view of their supply chain gives them the power to identify problems and resolve them with minimal cost and disruption. End-to-end view gives them the visibility to monitor and measure key performance indicators.

What they may not realize is that integrating internal and external applications and data is a fundamental building block for visibility and is a requirement for advanced supply chain analytics.

Supply Chain Opz has been recognized B2B.com as a top supply chain blog for 2014.   Here at B2B.com we are honored and happy to see our expanding number of readers making an impact!   Check out the full article for more information on Supply Chain Opz and their  mission to “uncover the most outstanding supply chain blogs.”

Every company wants to collaborate with suppliers and manage the entire supply process—from procurement through receipt. The benefits of doing this are huge – all the way from reducing costs to avoiding disruptions and even identifying bill of materials changes in real-time to change product requirements before it’s actually ordered.

Today, we will discuss the #1 most important factor that can transform your organization to achieve multi-tier supplier control.