What Do You Need To Know About Supply Chain Visibility And What Makes It Importa

Posted by murano on January 11th, 2021

Over the last few years, business organizations across the world had to experience unprecedented disruptions from natural disasters, abnormal climatic events, factory fires, etc. While these events are relatively commonplace, the world witnessed an entirely new monster named COVID-19 that decapitated human life “from the nave to the chops,” as Shakespeare would describe it. Naturally, companies didn’t have their guard up when catastrophes like these ravaged everything in their path. However, the future doesn’t bring only destruction. It introduced technology and showed how it could benefit this world. It also gave technological innovators the tools needed to build Supply Chain Visibility Software solutions.

Understanding the concept

Whether you use a Cloud ERP Software program or any other technologically-advanced system, you need supply chain transparency if you don’t want to experience the aftermaths of a pandemic. So, what does it mean? Supply chain visibility implies the ability to keep tabs on raw materials and components from suppliers and manufacturers via the manufacturing facilities of those organizations to customers. If you’re in the retail business, you have to track the goods from the supplier’s premises to the home of the end-user. If you hope to reap every benefit offered by supply chain transparency, you must track every piece of information in real-time.

The characteristics

Of course, specific features and aspects declare whether you have a perfectly visible supply chain or not. In short, it has to be capable of establishing the overall status of every element associated with the supply chain. Additionally, it must delve deeper to pry out the smallest details. From a manufacturer’s perspective, it’s possible to determine whether all inputs needed in producing something are available or not. The raw materials may be in stock or appear at the door of the plant as a pre-planned delivery. There has to be some sort of integration among the suppliers, the company, and the logistics service providers to verify the location and status of every order.

The necessity

The best way to explain the importance of anything, particularly in today’s digitized day, is to resort to statistical data. About four years ago, a renowned logistics organization conducted a supply chain survey with more than 600 high-level worldwide supply chain experts participating in it. 70% of those specialists agreed upon the fact that the complexities associated with the supply chain were getting to be a nuisance, especially to supply chain visibility. Only 6% of the participants were able to say with conviction that they achieved full-fledged transparency over every internal, outbound, and inbound aspect. Also, most of the participants unanimously concurred that enhancing transparency was as important as product availability and timely delivery.