Benefits of Supply Chain Visibility and their impacts

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Inventrax - Supply Chain Management Digital
Transformation IT Services
https//inventrax.com/
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Supply Chain Visibility has become an essential
component in Modern Supply Chains. However, as
per recent study, not more than 6 of companies
have achieved complete supply chain visibility.
Most supply chains today, still have some
components/areas that are not connected and the
data is bounded which hinders the ability of all
business involved to understand all the
operations completely. To stay in the
competition, modern supply chain managing experts
need to understand the significance of boosting
supply chain visibility to achieve overall
success. The benefits of Supply Chain Visibility
are mostly about creating the big picture
knowledge to ensure the smooth running of
business, with transparent collaboration with
partners, and hence being as productive as
possible.The starting step is not about
discovering the hidden truth that will change the
world, but about setting up for the discovery.
The main benefits of Supply Chain Visibility are
Sustainable supply chain functions
Consumers today have been proven to be more
socially conscious, skeptical and also volatile.
They look for the best in all aspects, and if not
found, do not hesitate to switch to more
sustainable businesses. Sustainability is when
the business provides productive and environment
friendly conditions for the workers and
employees, end to end visibility in all aspects
from raw materials to delivery.Toss over any one
aspect, say if the logistics operation of one
company do not follow sustainable practices, this
could push the customers further towards
competitors.Hence, supply chain leaders believe
that visibility and transparency automatically
drive the businesses to achieve sustainable
business practices, which means that, everything
in a modern Supply Chain management maps to
Social responsibility.
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Benefits of Supply Chain Visibilty and their
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Customer Trust
Maintaining Customer trust with any businesss
brand value and products are crucial aspects of
Modern Supply Chain Management. However, this
comes with various unique challenges. These
challenges being capacity of systems to share
data efficiently without restrictions which can
be complicated with the rising complexity of
modern supply chains. Data sharing is valuable,
so is its timeliness, which makes real time
information most valuable. The inability to
manage data presents challenges in achieving
supply chain visibility.However, if the data is
managed efficiently and Visibility achieved, this
would be an area where Visibility shines.
Though comprehensive knowledge about the state of
things does not prevent problems, it does help in
high lighting them quickly. Monitoring alerts
that come with Supply chain Visibility make it
much easier for the managers to run operations
which can adapt quickly.Identifying issues as
they occur allows the business to adjust. Even if
things cannot be fixed on the fly, there is a
chance to immediately keep the customer posted,
may be on shipment status, product availability,
recall or anything else that has
occurred.Customers may not be super happy as if
nothing had gone wrong, but they would appreciate
getting enough notice to change their plans.
Also, sharing this type of track and trace data
would definitely yield positive customer
experience which increase their lifetime value
for the business.
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Benefits of Supply Chain Visibilty and their
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Reduction in risk in the overall business
The most significant benefit of Supply Chain
Visibility is that, it can protect the business
and keep the higher management from peeping in,
by helping reduce the likelihood that things will
go wrong. One of the best information that Supply
Chain Visibility can provide is identifying areas
with a single point failure, implying typical
products that have only one vendor.Efficient
visibility can also provide businesses the data,
to better forecast demand, so they do not run out
of a facility in lean times. Also, it helps in
noticing areas where some goods may be at risk in
transit, track shipments or transitions while
they move through every node and company.In terms
of warehouse management, Visibility is the
foundation that will allow warehouse managers to
make better orders based on inventory counts,
understanding lead time for each product or spare
part, and understanding the final sale
price/value of the products after they have
rested on the shelf for a while.
More Efficient operation at every step
Supply Chain Visibility implies real time data
and robust dashboard tools which can create
snapshots of various nodes of the business. This
type of data gives the power to business to look
across the business to identify where the trouble
may be, and where a potential workflow shift may
remove bottlenecks.Business intelligence can be
leveraged to check if business is receiving too
much in a short time or if orders are being
rushed because of check time of orders. It might
also help in highlighting if there is any slow
vendor or if there need to be shifts that need
more people to run smoothly. Identification of
such changes in labor force can save big
costs.Visibility also allows to check on the
managements gut feeling and reactions. It may be
found that the worst vendor is performing well,
but its warehouse is causing the actual issue or
that the best vendors have consistent orders that
make it easy for planning and delivery.
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Benefits of Supply Chain Visibilty and their
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Better collaboration between partners
Businesses are always better where there is
better collaboration between all the business
partners. In many cases, partners can get
skeptical among themselves which would finally
affect the business in a negative manner.
Visibility ensures transparency in the business
flow which makes everyone trace easily whatever
components they want to.With this, any doubts
within partners can be easily checked and
clarified, also building trust among them which
would lead to better collaboration, better way of
transacting and hence improvement in the overall
business. This may also increase the chances of
future collaborations with existing partners and
attract bigger companies to come forward for
partnering.With all such benefits of Supply Chain
Visibility, all the business should look forward
to migrate towards better Visibility and more
strategies to utilize the Visibility which
ensures better quality.The improvement in quality
of the products and services further helps the
business in going the extra mile compared to
business competitors and hence attract more
customers and orders.
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Benefits of Supply Chain Visibilty and their
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Contact Us
India


Avya Inventrax Private Limited, Sampath Vinyagur,
D.No. 50-94-14/3,1st 2nd Floor,Santhipuram, Visa
khapatnam, Andhra Pradesh, India- 530016.
Sales 91 630 380 0787 Tel [phone]
6060 Fax [phone]
sales_at_inventrax.com
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Benefits of Supply Chain Visibilty and their
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