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     2026:7/2

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN: (Print) | 2582-7138 (Online) | Impact Factor: 9.54 | Open Access

Collaborative supply chain network: Confusion or way ahead

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Abstract

In today's interconnected business environment, effective supply chain management is crucial for success. This article explores collaborative supply chain networks, which emphasize cooperation among stakeholders, including suppliers, manufacturers, and customers. Unlike traditional linear models, these networks enhance efficiency, responsiveness, and competitiveness by fostering strategic partnerships and sharing resources. The shift from conventional models to collaborative networks involves breaking down organizational boundaries and promoting real-time information sharing and transparency.

The evolution towards collaborative networks has been driven by the complexities of global markets, technological advancements, and increasing customer demands for faster, more personalized services. These networks provide real-time visibility into inventory, production, and logistics, enabling quicker decision-making and better risk management. While they offer benefits such as improved operational efficiency and cost savings, challenges like building trust, aligning goals, and overcoming cultural differences persist.

Strategies for successful collaboration include setting clear objectives, investing in digital technologies, and nurturing a collaborative culture. Looking ahead, the integration of technologies like AI, blockchain, and the Internet of Things, alongside a focus on sustainability and customer-centric approaches, is expected to further revolutionize collaborative supply chain networks. These advancements are essential for organizations aiming to navigate the complexities of modern business and achieve long-term resilience and competitiveness.

How to Cite This Article

Virender Kumar Thakur (2024). Collaborative supply chain network: Confusion or way ahead . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 5(4), 688-694.

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