Supply chain visibility
Tracking technology is fundamental for your supply chain visibility.
Wrong pick means losing a battle with disruptions. Fortunately, with this guide on IoT, RFID, BLE and other technologies you are safe.
Supply chain visibility basics
According to Gartner’s study, visibility was placed at the TOP AMONG THREE most important funded supply chain initiatives for 2019.
But COVID-19 and growing market expectations made the topic even more important. To collect and analyse valuable data tracking and tracing technologies are utilised globally.
And HOW can YOU benefit?
With IoT, barcodes, GPS or RFID your company can:
- identify outages in logistics processes,
- and then fix them
- to gain a competitive advantage.
Absolutely. By offering clients up-to-date information about the goods and business transparency at the same time.
The importance of supply chain visibility
One cannot overestimate the importance of visibility. Especially in the time of the COVID-19 pandemic. If you want to build a responsive and flexible business, you need to know what’s going on in your supply chain.
For instance, you will use visibility solutions when you want to:
- identify leaking holes of your logistics,
- make corrections in operational activities (e.g. determinate ETA),
- or gain alternative sources of supply to deal with the unprecedented demand.
So, why supply chain visibility is important?
Because it influences your business in many dimensions. It is a tool to improve your logistics’ performance, as well as your business performance.
Business and operational goals
The broad goals of visibility are to
eliminate disruptions in the supply chain,
find ways to improve efficiency,
boost customer satisfaction
and, as a result, make more money.
This was the apparent part. But think about it for a moment. Isn’t acquiring the correct information at the correct time about current and/or past operations in a specific supply chain THE BASIC GOAL?
Yes, it is. And it is the operational part. Now, let’s look at what can or need one track.
Fleet, shipment or asset tracking
Companies like yours have different goals and needs for tracking their supply chains. And various means to improve visibility. In some instances, you will focus on asset tracking, while in others on cargo conditions.
- A jewellery company tracks in real-time the location of expensive assets in order to prevent thefts.
- A food company tracks shipment conditions in order to secure its perishable products.
In addition, sometimes you will prefer to look at historical data.
Data sources integration
It requires an integration of different technologies and data sources.
This takes time.