What is Business Solutions

Industry 4.0 has affected everything around us. Today we have entered an era where we must move our focus away from traditional business relations and shift instead to solutions that support the virtual enterprise in which independent businesses align to share skills and resources to sharpen their responses to external business opportunities. Manufacturers, suppliers, and clients need to work jointly to create value and share risk instead of settings tight conditions, KPIs that are hard to implement, and start blaming each other. Business solutions are representing a new wave that is built on technology to overcome the inward-looking nature of old systems and promises a great wave of efficiency and reduced costs by streamlining the management processes of external relationships that is based on trust and governed by innovative contracts. This chapter is describing a real virtual enterprise from the business showing how digital transformation is changing the supplier-client contracting relationship.