Why Replacing Spreadsheets Will improve Collaboration in Your Supply Chains

It is no secret that many industrial companies rely heavily on spreadsheets and a de-centralized way of planning, sourcing, and managing logistics. This way of working has given rise to the creation of information silos across organizations with supply chain executives lacking end-to-end visibility and often hindered from taking early preventive action that could reduce logistics costs from fuel, freight, demurrage, and storage.

Even more challenging, is the ability for companies to adapt to supply disruptions and engage in cross-functional decision making at short notice.

Stronger together

Today, there is a significant potential for dry bulk logistics to take a step forward simply by replacing manual forms of exchanging information between stakeholders. The collaborative nature of technology is opening up new opportunities that are limited in traditional spreadsheets and eliminating the need for decisions to be made from different copies or different versions of the truth

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Software solutions that are supported in the cloud have given way to an era of contextual collaboration and empower teams to exchange information in real-time and operate from singles version of the truth. The ability to see the impact of a change in real-time and prompt stakeholders to react proactively with critical decisions is a key opportunity for the supply chain going forward.

Disrupting the norm

Improving collaboration does not have to stop internally. Secure cloud-based solutions supporting external collaboration offer opportunities to improve the flow of information with customers, allowing for opportunities to trade and share information related to cargos in real-time. Developing such customer ecosystems can afford companies a disruptive competitive advantage in the marketplace while strengthening existing customer relationships.

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