We, at Opus9, take supply chain visibility seriously. That’s why when businesses book their freight with us, they can expect to get free GPS tracking on all shipments.
It’s one of the ways we use visibility to ensure our customers can be proactive about their shipments. Shippers are able to see all changes, delays, and accidents in real-time, so you can adjust your plans accordingly.
What is Supply Chain Visibility?
Supply chain visibility is having data and critical information about the whole supply chain. Product shipments are tracked and traced in real-time from production to destination. The data shows all the logistics activities, transportation methods, state of shipment and status reports during the transit.
Having visibility of the supply chain allows for smoother shipments and enhances communication to customers.
This blog post defines the benefits of supply chain visibility and steps businesses can take to make their supply chain stronger through the data visibility gives.
Why Visibility is Important
Having supply chain visibility is a must because it can increase delivery speed, minimize risk in the supply chain with improvements, reduce costs and give customers excellent service.
Benefit #1: Increased Speed
Increased speed is a huge benefit that comes from supply chain visibility. Customers are demanding faster deliveries without delays or mistakes.
Having transparency in the supply chain can show areas for improvement and see where delays are likely. Shippers can then measure and enforce the timeline of deliveries.
Benefit #2: Minimized Risk
With visibility, businesses can spot inefficiencies and make decisions to better the supply chain. This will reduce risk by allowing businesses to foresee future delays and mistakes and correct them quickly. Continuing to improve the supply chain will lead to fewer late deliveries and damaged goods.
Benefit #3: Improvements
By analyzing information, businesses can better communicate with suppliers and partners to improve the supply chain.
Look at inefficiencies and communicate how to fix and improve them. This will improve supply chain performance. As their supply chain improves, businesses can begin to save money.
Benefit #4: Reduced Costs
Having supply chain visibility will help businesses reduce their costs. They’ll have the data to know when demand will be low, so they can reduce inventory and save on storage costs.
Making fewer mistakes will also reduce the costs of fixing those mistakes. Shippers will save money on materials, transportation, and replacement goods.
Benefit #5: Customer Service
Customers are demanding shorter delivery cycles, no late deliveries, and no mistakes. Shippers can be assured that having visibility over their supply chain will help them meet those needs.
Businesses can provide customers with better customer service with real-time reporting, alerts of delays and a quick turnaround to any mistakes that happen to occur.
Make Supply Chains Stronger
Using visibility can make supply chains stronger. Putting some of these steps into place can cause dramatic improvements within supply chains.
Step #1: Select a Platform
To make supply chains stronger, businesses should choose a platform that pulls in data from all the carriers that they work with.
This platform is key to keeping everyone on the same page. It’s easier to have all the data in one place where everyone can access it without jumping around to different platforms.
Step #2: Manage Data
Once businesses have data from their supply chain, they need to use the information to make the necessary improvements.
Shippers need to set up systems to store and manage the data. All the information can be overwhelming at first, but businesses must translate the data into information that is easy to understand.
Step #3: Shorten Pipeline
Supply chains can have a lot of components such as outsourcing or global sourcing. The more components a supply chain has the more time it takes for information to go through the whole chain.
This can cause data to be confusing and make it harder to determine which section needs improvements. Shortening the pipeline can make the supply chain more efficient.
Step #4: Get Rid of Silos
Without visibility, businesses can often see different points of the supply chain become silos of information. Communication between different points break down, mistakes occur and customers don’t get great service.
Businesses can avoid silos with visibility. Information and data can strengthen communication at all points.
Step #5: Make Decisions
After seeing all the data, businesses are now able to make informed decisions moving forward. Key players of businesses know where everything is across the supply chain.
Businesses can then locate inefficiencies as they arise and then make decisions on how to fix them. Having clarity will improve the supply chain and decrease risk.
Visibility is a Must
Supply chain visibility is a must because having the data and oversight can improve supply chains significantly. Having visibility can help businesses spot inefficiencies, foresee delays and mistakes and help them know exactly where shipments are.
This causes faster deliveries, increased customer retention, and better decision making when all the data sits in front of the key players in the business.
Do you care about visibility? Reach out to us and find out how we make visibility an integral part of your shipping.