allows businesses to map their entire supply chain, in order to identify all components that are part of the logistic
Multi-tier supply chains are multiple single-tier collaborations, i.e., multiple relationships between suppliers and buyers, within a supply chain
. These multilevel chains are becoming a key strategic driver to reduce costs, decrease capital assets and bring products to the market in a more efficient way than the competitors. Read the full article here
Supply chains can be divided into a “tier” system based on proximity to a business or final product.
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“TIER 1 SUPPLIERS
These are partners with whom business is done directly, including contracted manufacturing facilities or production partners.TIER 2 SUPPLIERS
It is easiest to identify Tier 2 suppliers as the sources from which Tier 1 suppliers obtain their supplies.TIER 3 SUPPLIERS
Tier 3 suppliers or partners are one step beyond the final product and typically deal with raw resources.
At PREDIK Data-Driven
we use location intelligence and advanced analytics to answer questions such as:
, distributors can now truly understand their channels on a line-by-line basis, which can lead to better decisions and ultimately higher profits.