Two out of three Procurement leaders have limited visibility in their Supply Chain processes. Visibility in the Supply Chain is crucial for organisations across all industries, in order to warrant meeting your company’s requirements, whilst preventing it from SC risk.
Consequences of trade negotiations, such as Brexit and NAFTA are considerable risk factors to tackle with. By boosting transparency in your SC, Procurement leaders can deliver greater value and profit, whilst avoiding potentially operational risk to your company.
Lack of visibility leads to loss of control on operations through all the stages of the Supply Chain. That’s is why, it’s imperative the implementation of a Supply Chain Visibility (SCV) tool in your organisation, because its main objective is to perfect and make stronger the entire tracking of your process, from manufacturing to the final destination of your product, and in doing so, fulfilling all your consumer demands.
Manufacturers are using Supply Chain Visibility as well, to help meet agreements on trade policies, environmental practices, disaster recovery plans, and track-and-trace laws.
Some great benefits Supply Chain Visibility technology brings:
Makes data available to all stakeholders when possible interruptions might have occurred in the processes.
Provides an in-depth, real-time image of the problems.
Promotes a quick response for users to take action.
Gains visibility into supplier inventory shortages, delays, and
Reshape demands or redirect supply.
Saves time and costs.
Supply Chain Visibility, provides the data and metrics surrounding to work with Supply Chain partners to improve and control processes. When large corporations invest in Supply Chain Visibility tools, they are taking their Supply Chain program to a higher level; introducing new SCV products or services is a priority .
Dave Food