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For life sciences manufacturers, the lack of supply chain visibility across direct materials suppliers makes it very challenging to plan production. The increasing use of outsourcing to access specialized production capabilities and reduce costs has added to this challenge for procurement and external supply leaders.
Multienterprise Information Network Tower (MINT) for Direct Supply uses the proven TraceLink network and its powerful Integrate-Once, Interoperate with Everyone™ capability to enable integration with 100% of your direct materials suppliers at a fraction of the cost and time of EDI or point-to-point connections. A single connection to the TraceLink network enables the real-time exchange of the complete set of B2B transactions for direct suppliers, including forecasts, purchase orders, PO acknowledgements, advance ship notices, and invoices, to provide up-to-date information, improve collaboration, and ensure material availability for on-time manufacturing. Read our new MINT for Direct Supply solution brief to learn more!
Some of the key benefits of MINT for Direct Supply include:
- Share Forecasts: Improves alignment with thousands of direct suppliers on materials, quantities, due dates, order frequency, and lead times to help you ensure supply.
- Increase Visibility and Collaboration: Real-time data exchange ensures you and your direct suppliers are aligned on goals and can quickly respond to demand changes and supply chain disruptions.
- Improve Planning: Real-time purchase order exchange with acknowledgements and shipment updates from your direct suppliers ensures more accurate supply plans so products ship on-time, in-full with less buffer inventory.
Achieve real-time supply chain intelligence through cost-effective B2B network integration with 100% of your direct materials suppliers. Read the solution brief and then schedule a meeting with TraceLink to get started today.
