Globalization has made delivery networks much more complicated. Due to large transportation networks, international shipping, numerous compliance standards, etc., supply chains are complicated and opaque. By leveraging data, SCV seeks to strengthen and improve the supply chain.
Success for supply chain transparency lies in capturing real-time data. Key performance indicators (KPIs) relevant to the supply chain should be monitored in real time to avoid last-minute logistics issues that reduce margins. SCV technologies strengthen and improve the entire supply chain by providing continuous access to data for all stakeholders. Data collection processes to improve supply chain visibility involve a variety of operations.
For example, typical information captured as part of SCV includes the following:
A company can assume responsibility toward the environment and society and strengthen the trust of its customers and partners by making its supply chain transparent to learn what happens upstream and downstream in the supply chain.
The ultimate goal is also to maximize efficiency and respond to changes as quickly as possible.
The supply chain can be digitized in a number of ways to improve visibility, some of which are listed below:
SCV technologies enable logistics companies to significantly optimize costs, improve planning and decision-making, and improve customer service, among other things. However, the introduction of new SCV technologies is slowed down by a number of difficult aspects, such as a lack of information and time.
Modernizing inventory management, production, and distribution, e.g., using MRP procedures, bar code systems, etc., takes more time than using old technologies. Not many companies have the time necessary to implement supply chain management (SCM) systems and ensure a clear flow of data. There is a lack of professionals to use the new technology. To operate the SCM infrastructure, including IT systems for production, inventory management and distribution, companies need in-house professionals with the necessary skills, must invest in training their employees or hire outside consultants.
In conclusion, Supply Chain Visibility (SCV) technology plays a crucial role in strengthening and improving the transparency of the entire supply chain. By capturing real-time data on the origin of product orders, delivery time, order status, compliance, and regulatory data, SCV technology helps companies make accurate predictions, improve customer satisfaction, ensure compliance, and make informed decisions. The digitization of the supply chain through API interfaces, IoT devices, blockchain technology, and predictive analytics can help companies optimize costs, improve planning and decision-making, and provide secure and permitted access to information. However, the implementation of SCV technology is slowed down by a lack of time, lack of professionals, and the need for accurate planning and human intelligence.
A digital logistics platform that offers just-in-time transports, avoids empty runs and paperless documentation can help companies streamline their supply chain operations and achieve complete supply chain visibility.
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