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Supply Chain Standards

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I need help understanding how setting supply chain standards throughout the industry will improve supply chain management. Would this make businesses more efficient? How? Will it save organizations money? Will it make the supply chain more efficient? What are good resources to find info on this?

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Supply chain standards are examined.

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I need help understanding how setting supply chain standards throughout the industry will improve supply chain management.

Understanding the importance of a set of Global Supply Chain Standards is very important because establishing this set of Global Standards (GS) can result in industries using a comprehensive set of methods and rules that are predicated upon globally agreed standards and guidelines. This will enable the user community and affected industry groups the autonomy to exert influence on industry standards that can produce sustainable business practices that reflect the needs of the entire community as a whole while constantly adapting to facilitate maximum process efficiency.

Setting global supply chain standards that are created through industry participation in global consortiums will enable the most pressing supply chain management challenges to be addressed. These standards will represent the most optimal practices for supply chain management ...

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