Collaborative Initiatives in Improving SMEs Competitiveness

Abstract

This paper is intended to present the concept of introducing collaborative initiatives and networking to the supply chain of the product life cycle. In order to be competitive in the global world markets. Globalization has become a reality and thus increases worldwide competition among businesses. Competitive and agile manufacturing enterprises must have both the technology and the people, through strategic collaborative network, with broad understanding of structures and strategies, techniques and technologies and respond quickly and effectively in a rapidly changing environment. They can determine and implement the right solutions, in the right way at the right lime, to the benefit of the business as a whole.