4/17/2023 0 Comments Supply chain visibilitySupply chain visibility means having access to real-time data from ground truth (sensor data) that you can use to make decisions for your organization. One of the key logistics challenges has been the lack of visibility in supply chains that leads to inaccurate predictions, poor planning, delayed decision making, higher risks and ultimately, loss of business. What is Visibility, and What Are the Benefits of Supply Chain Visibility? Companies that can achieve end-to-end, multi-tier supply chain visibility will gain a significant competitive advantage in terms of resiliency, efficiency, responsiveness and customer satisfaction. Using yesterday’s data to solve today’s problems just won’t cut it. Because supply chain data is fragmented across multiple systems, geographies and business groups, it’s vital to obtain real-time visibility across all tiers in the supply chain. Given the current COVID-19 pandemic, it is even more difficult to operate a complex supply chain, when you take into consideration the multi-tiered layers of suppliers that feed into your business. Visibility is the foundation for any improvement to your supply chain, as everything from increased agility to supply chain resiliency is dependent upon your ability to see and understand what is happening, in real time, within your organization. Real World Examples of How Increasing Supply Chain Visibility Increases Agility and Resiliency
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