Quadrant Knowledge Solutions Market Insights research provides detailed insights on the “Role of MESCBN in making Supply Chains Resilient and Agile.”
Rapid digitalization has disrupted the way we understand supply chains. With the increasing demand for newer, varied, and faster products, consistent relationships are replaced by dynamic relationships. Since these are the new ways of looking at the supply chain, underlying technology needs to support the many-to-many networks and be agile to move from one partnership to another when needed. It is more about how seamlessly the changeovers can occur to make the supply chain resilient and agile.
With the introduction of digitalization, the planning and execution rules have changed and become significantly more challenging. The MESCBN platforms were created to meet all of these requirements and constraints and streamline the processes. The system lets organizations define possibilities seamlessly by assessing the characteristics of the order through the multi-enterprise network. Organizations are also able to anticipate and respond to issues in real-time through corrective actions by monitoring their process flows. Additionally, the system manages the financial aspects of these partnerships and transactions, which frequently result in costly oversights and errors.
According to Akshat Shah, Analyst at Quadrant Knowledge Solutions, “Multi-Enterprises Supply Chain Business Network (MESCBN) is a network of networks that allows multiple stakeholders to collaborate in real-time throughout the enterprise, across the globe.” Quadrant analysts believe that “Multi-Enterprise business networks in a supply chain allow organizations to move from siloed and non-connected networks to a collaborative environment. MESCBN offers trading partners superior end-to-end visibility into their supply chains, making real-time data and actionable insights available to all stakeholders, it identifies vulnerabilities and potential bottlenecks in any tier of the network easier as well as assists in communicating and collaborating with new and existing partners is simpler.”
Table of Contents
- Introduction to MESCBN
- Problem with existing linear supply chain models.
- New opportunities created by MESCBN.
- Achieving Resiliency and Agility in Supply Chain
- Collaborate within the Network.
- Orchestrate the technology and processes.
- Continuously Explore new partnerships.
- Final Word.
This Market Insight is a part of Quadrant’s Supply Chain Management practices.
Author: Akshat Shah, Analyst, Quadrant Knowledge Solutions.