Quality data is the fuel for any business software. In international trade and logistics, where critical data comes from partners scattered across the globe, the challenge of obtaining quality data is even greater.
The traditional approach for connecting to a myriad of partners to receive and send data is costly, time consuming and error-prone. It is the primary reason companies don’t have global view, or a control tower for managing the full end-to-end global supply chain.
Fortunately, there is a new model for delivering data to your solutions that makes what used to be impossible possible, while decreasing costs at the same time.
Modern cloud-based information platforms designed specifically for global supply chains take advantage of powerful network effects that lower costs by spreading them across a large community of users.
Each new user that joins the network can take advantage of what’s already in place supporting the existing user community.
Conversely, the entire community benefits when new members join the network and bring on their partners, making those connections and data flows available to all. In addition, this structure provides a means for cooperative, continuous improvement of data quality.
Like electric power, a consumer is faced with two choices. Either build a power plant, or hook in to the electric grid. Surprisingly, most global companies have taken the power plant approach and still have a hard time keeping the lights on.