Global companies are wasting more than $30bn (£20bn) a year because they do not share information about suppliers, according to business information provider Achilles.

SupplyChainBrain and JobsInLogistics have joined forces in 2015 for the specialized purpose of:

As the volume of business-to-business purchases being made online continues to grow, B2B suppliers are responding by expanding their e-commerce platforms and overall omnichannel capabilities, according to new research from Accenture and hybris software, an SAP company.

Spend any amount of time working with supply chains, and one thing becomes clear: The traditional environment of the supply chain is mostly one of competition. That's because, in an effort to earn a customer's business and meet their demands, suppliers are often pitted one against the other to offer the lowest cost possible. But when it comes to overall success of the supplier/client relationship, this short-term competitive approach leaves untapped opportunities in terms of improved quality, cost and lead time, as each along the chain pursues what's best for themselves as opposed to what's best for the whole.

As the globalization, expansion and growing interconnectivity of supply chains make them more complex, businesses and their suppliers are faced with new challenges, with new opportunities for growth. Many top companies invest a vast amount of resources in innovation. This commitment to innovation drives growth as they compete to remain top manufacturers and service providers. However, many of these top companies are not reaching their full potential. Their businesses are innovating, growing, and developing, but many of their suppliers are not.

Supply chains are becoming more complex in order to support the increasingly diverse levels sizes and needs of new suppliers and customers. There are so many variables that can go into a single sale, like selling across multiple channels, delivering products directly versus delivering through drop shipments, and selling items with one-time charges as well as recurring fees. This transformation is having a tremendous impact on organizations of all shapes and sizes. As supply chain complexity builds, it's important that companies aren't spending more time entering and managing data rather than focusing on growing their business. They should have a well-integrated, audited and secure system that can be precisely reported on at every level.