Trading partners understand that collaboration around key processes like forecasting and promotions has become a critical aspect of their business. No longer can trading partners rely on historical trends to determine what level of product to build. According to research, retailers are likely to lose almost one-half of the intended purchases when a consumer confronts an out-of-stock situation. And, over 60% of customers indicate that promotions drive their decision to buy.
Boardwalk offers trading partners an enterprise quality, collaborative digital ledger application platform which leverages a desktop application everyone uses already - Excel - but replaces the error prone and tedious email-based exchange of data with a patented digital ledger technology designed specifically to enable a trusted and secure, cell-level collaboration between multiple users using both Excel, a browser, or mobile device.
Lack of Collaboration / Visability
Empowered consumers, mounting global competition, and a shifting marketplace means companies need to deploy secure, collaborative technology now to avoid losing sales opportunities or being driven out of the market
Manufacturers need to focus on continuous product innovation to compete and yet existing technologies have yielded sluggish and extended product innovation cycles due to the inability to securely collaborate between trading partners.
Multiple Trading Partners
The lack of a flexible data environment means changes by trading partners are not easily accommodated by other partners which results in inaccurate and inconsistent product and partner information - ultimately causing inventory issues and costing everyone money
Reaching across firewalls and platforms and reconciling different business definitions is very hard which means brands have little or no visibility into the shared supply chain and suffer from a lack of trust and synchronization