Industry Trends

3 Ways Visibility Software Changes Supply Chain Visibility

As businesses respond to global market uncertainties, visibility is a critical aspect in driving corporate success and enabling digital transformation.

Supply chain visibility — and the capacity to act on information in real time — has evolved into a competitive need that businesses can no longer  afford to be without. We live in a time when speed to market, customer experience, cost management, regulatory compliance, global risk management, and supplier cooperation are more critical, scrutinized, and data-driven than ever before.

Why is visibility important?

Extensive digital supply chain visibility enables firms to leverage comprehensive and robust data, automation, analytics, intelligence, and cognitive technologies to meet the demands of today’s increasingly more stringent customer requirements. 

Now you can go from being reactive to predictive, identifying real-world, real-time dangers and opportunities using data-driven insights. Make use of the potential of predictive alerts to gain actionable, nuanced insights and make smarter decisions. 

All of this can result in cost savings, reduced  time to market, a more contemporary customer experience, and improved efficiency throughout your whole supply chain ecosystem of workers, customers, suppliers, distributors, and related  partners. To reap these benefits, you must use an end-to-end platform that not only provides full visibility, but also furnishes  you with the necessary tools and technology to outpace your competitors.

What is a visibility platform? 

A platform for global supply chain visibility (SCV) is a vital instrument for complete and efficient supply chain management. The most effective approach to get end-to-end supply chain visibility is to collaborate with a visibility software partner. 

Robust supply chain visibility software solutions establish a neutral, transparent environment in which all supply chain partners may communicate while also providing insight into operations, transactions, and shipments. All supply chain components and operations may be monitored and tracked in real time, resulting in a coherent ecosystem.

A supply chain planning platform is an integrated software system that allows for the tracking of items as they are moved from the producer to the end customer, from raw resources and capital equipment through to completed goods. Aside from shipment tracking, visibility software provides data and simplifies operations execution across the supply chain.

How does the visibility platform benefit your supply chain?

A supply chain visibility (SCV) platform is an essential tool for comprehensive and transparent global supply chain management. It can help businesses streamline operations, track shipments, and monitor third-party, inbound and outbound transactions in real-time, as well as see historical data and analyze supply chain gaps. 

SCV software also unlocks opportunities to proactively manage multiple levels of supply chain exceptions. This technology enables companies to optimize their supply chains, improve on-time delivery rates, reduce operational and labor costs, automate processes, and increase collaboration and communication with all the stakeholders and interested parties. 

Connected relationships and collaboration

Network collaboration is one of the most essential benefits of visibility software. When shippers, suppliers, manufacturers, retailers, and carriers utilize the same technology, or share interoperable data formats, they can  communicate in real time. While viewing the same data on the same shipment, companies may collaborate on shipping processes.

This allows for more effective communication, fewer service outages, and more capacity to be provided to those in need. Manufacturers, suppliers, distributors, retailers, and end customers benefit from end-to-end visibility because it provides payment transparency, clear communication, and real-time control. 

Because today’s supply chains are complicated and worldwide, teamwork and connection are critical in this changing context. The more your supply chain’s visibility and integration, the better this big and complicated ecosystem will work.

Data-driven, predictable strategy

Supply chain visibility allows businesses to readily access and examine historical data that may be utilized to develop and improve a supply chain strategy. Full-featured visibility software enables end-to-end supply chain visibility through shipment tracking, as well as optimized operations.

You may concentrate data and get the greatest results by using a data-driven strategy. One of the primary advantages of visibility software is that it reduces  the load of time-consuming and manual duties, allowing your team  to focus on the larger picture.

To build and optimize your supply chain strategy, you will need to use vast volumes of data. Visibility software, which incorporates not only delivery tracking but also streamlined operations capabilities, provides everyone with end-to-end supply chain visibility. Using a data-driven strategy will help you more easily define  your goals and get the best results.

One of the primary benefits of the supply chain visibility platform is that it frees you from multiple tedious and manual tasks, enabling you to focus on the big picture. These systems can swiftly analyze millions of data points and use automated forecasting models, powered by machine learning, to identify the drivers of demand changes.

Reduced supply chain costs

Since  visibility software enables execution automation, the team and executives may spend less time on transportation management operations and more time on critical strategic matters.

According to McKinsey & Company survey data, “supply chain interruptions cost the typical firm 45% of one year’s revenues over the course of a decade,” historical context that helps highlight recurring supply chain planning and logistics difficulties. According to the same poll, over 80% of respondents believe businesses “need to strengthen and invest in digital planning to better supply chain visibility.”

Creating an integrated system with high visibility and communication is a current issue for all supply chain managers. Companies may increase profits while maintaining quality by deploying a system that organizes and improves supply chain productivity and efficiency. In fact, up to a 75% decrease in expediting expenses is feasible with an automated shipment processing system, in addition to the savings associated with fewer inventory shortages and improved on-time delivery.

Reach end-to-end visibility with the Agistix platform

With our complete visibility software, Agistix can position your company to meet all of your supply chain challenges. Our main benefit is a smooth connection that does not require any changes to your routine business flow. After implementation, you will see results in as little as four weeks, with benefits that include: 

  • Reduced costs
  • Automated operations
  • End-to-end visibility into any transaction and shipment
  • Improved order fulfillment and inventory
  • Reduced labor costs
  • A proactive approach to detecting supply chain gaps 

We are deeply familiar with the stumbling blocks in your supply chain. Because of our significant business knowledge, we can deliver a multipurpose, user-friendly software solution that will provide unrivaled visibility into your worldwide supply chain. Do you want to learn more? Contact us today!

Author

Trevor Read

President at Agistix based in San Francisco. I am an entrepreneur with a passion for data, and technology. I am results-oriented and committed to developing fast-deployment solutions to help customers seize the new opportunity coming from big data in the global supply chain.