In the last two years, supply chain management has undergone a paradigm shift and a growing role as a strategic element for any business activity. Therefore, in this post we analyze the top ten utilities of end-to-end visibility in the supply chain and the main advantages for the shipper, operator, carrier or end customer.
Placing products on the market has become a crucial issue in an environment of great uncertainty, problems in logistics chains and shortages of some raw materials and components.
This whole scenario is complicated by imbalances in flows and a global impact on the prices of goods and services, which tend to rise, generating a dangerous inflationary spiral.
In this context of extraordinary complexity, supply chain management is looking for resilient structures that have the agility to react to any unforeseen event and keep the chain running, even in the worst circumstances.
To achieve resilient supply chains, management cannot only be reactive, but must also have predictive capabilities and, above all, real-time information that allows corrective decisions to be made in the shortest possible time.
The channeling of the information obtained in real time generates a complete visibility of the chain. This provides a precise location of any merchandise in all the links with which to make efficient management decisions.
10 benefits of end-to-end supply chain visibility
The use of an integrated visibility system is an essential competitive element for any supply chain, with effects on different areas.
- Visibility enables immediate business performance improvement. The huge amount of data it generates and its analysis offer positive impacts from the first minute, with effects such as cost savings, reduction of administrative procedures and improved competitiveness, among others.
- Improves time to market. By providing a complete, real-time picture of the supply chain, it allows supply to fit like a glove to demand.
- Reduces costs. Initially, the reduction comes from logistics management, but it can then be extended to the entire company, due to the ability to adapt to the changing market reality offered by a complete visibility of the chain.
- Helps reduce risks. The ability to generate data in the supply chain makes it possible to adjust the inventory to the real needs of the company, thus reducing risk at different levels, including the financial risk generated by having too much fixed assets.
- Improved access to data for increased control of the supply chain. Visibility systems unify the vast amount of information produced by goods as they move through the supply chain and channel it so that decisions can be made quickly and efficiently.
- It helps to design strategies more easily. The significant amount of data generated by visibility systems provides real and high quality data to design market approach strategies.
- Improved customer satisfaction. Visibility systems help convey information to customers about the specific location of any goods in the supply chain. The constant monitoring and reporting of merchandise, as well as thecreation of alarms that enable early warning, allows for proactive management of incidents, which is a major contribution to customer confidence.
- Optimizes the supply chain and improves its resilience. By tightening control over the supply chain, traceability systems facilitate logistics management, enable the chain’s performance to be assessed and strengthen its resilience by enhancing its ability to react to any incident.
- Provides real-time information on supplier stocks and demand. This allows to adjust the ends of the supply chain to adjustcosts, adapt inventory to specific needs and optimize resources and personnel.
- It provides information to negotiate contracts and ensure that the indicators of the specifications are met. Traceability systems provide data on compliance with activity and quality indicators that can be used to prove with reliable records the work performed.
Benefits of end-to-end visibility in the supply chain
For visibility to reap the full benefits, it must be in real time and without blind spots. FIELDEAS Track and Trace offers end-to-end supply chain visibility and from a business perspective.
In this way, FIELDEAS Track and Trace becomes a valuable business management tool.
In addition, its capacity for customization and flexibility allows the tool to be adapted to the specific needs of any business in order to achieve more efficient logistics management.
Thanks to the control of logistics and transport operations offered by FIELDEAS Track and Trace, more resilient supply chains are achieved.
FIELDEAS Track and Trace is a precise and complete tool that, however, offers information in an extraordinarily visual and concrete way for logistics management to become, through efficiency and resilience, the definitive instrument to face a scenario of great complexity and uncertainty.
