2/18/2023 0 Comments Supply chain visibility![]() ![]() As a business owner, it's essential to monitor the movement of goods through the supply chain and ensure they are being handled in a compliant way. Supply chain visibility is the ability of stakeholders to access real-time data related to the order process, inventory, delivery and potential supply chain. Global supply chains are subject to many compliance obligations related to procurement, distribution and taxation on the goods. ![]() Through inventory management, SCV helps maximize customer satisfaction by quickly meeting customer demand. This helps improve business operations, tracking raw materials, decision-making and delivery of information to the customers. The real-time data of the entire supply chain ensures that supply and delivery times for a product are adequately forecasted. Visibility allows them to view their entire supply chain in. The data allows a company to know precisely when materials need to be ordered, when to contact the suppliers and when the customer's product will be delivered. Supply chain visibility is the tool that help supply chain leaders solve these difficult challenges. Relevant data on traceability of product orders can serve as a substantial competitive advantage. Monitoring the supply chain in real time with relevant key performance indicators ( KPIs) can help avoid last-minute logistical disruptions that affect profit margins. As a result of globalization, supply chains have become highly complicated. Some of the expected benefits of supply chain visibility include the following: Why is supply chain visibility important? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |