Why Should You Invest in Supply Chain Visibility?
With so many headlines about the Internet of Things and drone deliveries, you might think supply chain executives are blowing their budgets on self-driving cars and the like. The truth is that, although savvy supply chain decision-makers are keeping an eye on next-generation developments, most company leaders are investing in innovations that provide greater supply chain visibility and transparency today. According to The State of the 3PL Innovation Survey, 83% of respondents list supply chain visibility as their top area of interest.
Why visibility is budget-worthy
Even in today’s increasingly complex supply chains, every participant — shippers, warehouses professionals, producers, suppliers, distributors, and customers — expects to have at least near-real-time data on every shipment. This visibility isn’t easy to achieve but offers market advantage, agility, data-driven decision-making, and a slew of other benefits. Why invest in visibility?
It’s not getting any easier to maintain compliance; visibility means staying on top of the ever-changing regulatory arena.- It sounds obvious, but visibility reveals process inefficiencies, helping cut costs and reduce risk.
- With the growing consumer need for instant gratification, businesses have no choice but to optimize to meet client expectations. Visibility means having data in hand to make optimizations that enable your organization to meet or even exceed their expectations.
- Business is changing faster than ever. Keeping up requires a continual cycle of measuring, monitoring, and optimizing — and repetition. Visibility provides business intelligence that allows data-driven decision-making and forecasting that can keep your organization ahead of the competition.
Visibility is a top priority today
Supply chains are no longer linear strands easily captured by legacy resource planning solutions. The modern supply chain is a complex global web that demands agility, optimization, and quick data-driven decision-making to not only stay afloat but also to thrive. The majority of supply chain executives are focused on investing in visibility to reap the benefits a transparent supply chain proffers. Are you?
[cta]To help reach your visibility and transparency goals, nVision Global offers iVisibility™, a simple means of tracking shipments using direct web links to the transportation provider’s tracking site. Alternatively, iVisibility™ can be internal to your system with EDI 214s containing shipment status information obtained directly from your transportation providers or trading partners.[/cta]
