Virtual Enterprising Made Easy with Oracle Supply Chain Management
- Published in JDE
Businesses, in the earlier days, followed a system of vertical integration, where every part of the entire manufacturing and supply process was internal and self sufficient. However, with the rapid increase in competition, this model or system became difficult to follow and hence they adopted a system of collaboration. Here, businesses only adopted those processes or services that they excelled in while collaborating with other businesses for other functions or processes. This collaborative effort led to what is today called a virtual enterprise.
Virtual enterprising involves collaborating with different partners for services and functions that are not your core competency. In other words, as a business owner you are actually trading internal control for external collaboration, thereby increasing both your productivity and profits. However, for this method to be really successful, it is important to ensure that you have the perfect alliance in terms of supply chain management software. This is where Oracle Fusion Distributed Order Orchestration or DOO comes into play.