As digital tools for supply chains continue to improve, how companies bring on new suppliers has become essential for smooth integration. A great example of this is Molex, a worldwide electronics manufacturer. By using SAP’s Business Network, they boosted collaboration with their suppliers and increased the rate at which suppliers confirmed orders from 30% to an impressive 88%. This process focused on making organized changes, engaging suppliers, and using advanced tools like Celonis to monitor performance. This approach made their operations more efficient, shortened wait times, and provided clearer insights into their supply chain performance.
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