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How important is supply chain visibility?

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  • How important is supply chain visibility?

    I am curious to know how much value do companies put on supply chain visibility?

  • #2
    Re: How important is supply chain visibility?

    Although visibility is and should be highly valued in a supply chain, there are a lot of challenges that stop companies from implementing this. Data states only 9% of logistic professionals say they have complete visibility in their supply chain.

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    • #3
      Re: How important is supply chain visibility?

      Supply chain visibility is very crucial in preventing the order errors and prevent the customers from taking their business elsewhere. Supply chain visibility make sure that you are knowledgeable about each and every aspect of your inventory and also allows you to help customers by improving your performance and reducing errors

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      • #4
        Re: How important is supply chain visibility?

        1.Reduce risks and costs-
        Increased visibility will ensure you can re-evaluate areas of inefficiency and in turn reduce risks such as damaged products and mistakes.

        2.Improve performance-
        Enhanced supply chain visibility will help you to better track your performance expectations and estimate future demands, ensuring you can meet your future goals.

        3.Identify problems-
        Increased communication as a result of supply chain visibility will help you to see where gaps exist in your system. Sharing information between departments and organizations can provide an overall view of the entire process.

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        • #5
          Re: How important is supply chain visibility?

          Nice post.

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          • #6
            Re: How important is supply chain visibility?

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            • #7
              Re: How important is supply chain visibility?

              Supply chain visibility is very important for optimizing the workflow and service.. There are many tools available which can help improve the supply chain visibility. Some factors for improving the visibility are:
              -Reduce the cost
              -Optimize the process
              -Improve the performance by providing faster service
              -Improve long-term planning
              -Increase customer satisfaction
              To know more visit: http://www.leansupplysolutions.com/s...in-management/

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              • #8
                Re: How important is supply chain visibility?

                Originally posted by emanueljohn View Post
                I am curious to know how much value do companies put on supply chain visibility?
                Here are the top 4 reasons why supply chain visibility is important.

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                • #9
                  Re: How important is supply chain visibility?

                  Originally posted by Daisy Catherine View Post
                  Here are the top 4 reasons why supply chain visibility is important.
                  Nice article. I also found another useful resource talking about importance of supply chain visibility its importance and its benefits. Why Your Business Needs End-to-End Supply Chain Visibility

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                  • #10
                    Lack of supply chain visibility breeds lack of trust between the company and its customers. Once the foundation of the business trust is shaken, it's a big negative blow to the business because once they can't trust you to deliver or believe in whatever information you are offering with regards to their products on transit, it means the business patronization is at cross roads.

                    Increased visibility equals to increased trust in the company and good relationship makes the alliance last.

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