What is the most inexpensive way to develop supply chain integration?

Using Internet technology is considered the most inexpensive way to develop supply chain integration because it leverages widely available and relatively low-cost resources to connect various parts of the supply chain. By utilizing internet-based tools and platforms, businesses can communicate in real-time, share information seamlessly, and collaborate with suppliers, distributors, and partners without the significant financial investment that often accompanies proprietary systems or complex software customizations.

Internet technology enables organizations to adopt solutions such as cloud-based services, web applications, and collaborative platforms that can scale according to their needs, making them more cost-effective than traditional methods. Additionally, the reach and flexibility of internet solutions can often lead to faster implementation and deployment, allowing companies to start integrating their supply chains without hefty upfront costs.

While adapting to business processes embedded in supply chain management packages or customizing ERP software can also lead to integration, these options frequently involve higher initial costs and complexities. Adapting PRM modules might not specifically address supply chain needs as comprehensively as internet technology does, making it less favorable in terms of cost-effectiveness.