It’s 11:00 p.m. Do you know where that critical shipment is?
When an important shipment containing parts essential to your flagship product is delayed in transit, the delay can resonate throughout your manufacturing process and impact orders. If you don’t know the problem exists in your supply chain, you’re left scrambling to fulfill orders and maintain production levels. Lack of supply chain visibility puts your business at risk, affecting not only your bottom line but also your company’s reputation.
According to research firm Gartner, supply chain visibility is a top priority among supply chain leaders and Chief Supply Chain Officers (CSCOs) across a wide range of industries and geographies. And for good reasons: visibility into your supply chain not only lets you mitigate late shipment scenarios but also helps you proactively mitigate these problems. Supply chain visibility can also help you identify risks and potential savings.
When visibility is combined with business intelligence, predictive analytics, and artificial intelligence (AI)—organizations can gain unprecedented supply chain insights that can transform their operations.
While there are too many benefits to cover in a single blog post, let’s explore three benefits of supply chain visibility that are top-of-mind.Continue reading