Visibility Solutions for NextGen Supply Chains
There are many benefits of increased visibility in your supply chain. But is your visibility solution working the best it can for your supply chain? Here are some tips from Logistics Viewpoints on how to make sure you’re getting the most from your visibility solution.
Visibility services collect data from several sources and present it to users in a form they can understand and learn from. Users have different needs, and the solution’s value is getting data in the format users need to make informed decisions. Don’t try to standardize the reporting to try to lessen the cost of the system. The actual value of the visibility system comes from the unique use of the info by the users. Custom reports speed up and increase use right off the bat and increasingly over time.
Share your Data Throughout Your Organization
Many organizations can profit from the data in a visibility solution. The info from the supply chain management system doesn’t even have to deal with the whole supply chain to be valuable. For example, a retailer can prevent over or under buying merchandise when they have visibility into the delivery status of their goods. Other areas like customer service, Sales, and Finance can also benefit from increased visibility.
Set Milestones to Simplify Decisions
Visibility isn’t worth much if you can’t make decisions with the data it provides. To truly reap the reward of visibility, you should decide on key indicators or milestones with a plan on how to respond to them. For instance, if a retailer has delivery milestones, they can determine if a delivery will make its scheduled arrival, and could contact the carrier to figure out a solution. Visibility is more than just a bunch of data; it can be used to simplify your supply chain and business processes.
Use All Data Resources
Lots of data sources can deliver lots of valuable insight and could be used for visibility. But don’t think that all data sources need to be set up before implementing a visibility solution because you will learn as you go where you need more visibility. When you start to use a visibility system, you will experiment and learn how to fill in any existing visibility blind spots and what data you might need to do that. Keep evaluating your system and how it’s working with your entire supply chain.
Get Good Data
For any of the above strategies to work–first, you need good data. This is data that is both correct and timely. You want accurate data that comes in time to impact decisions, which can go on to affect your supply chain.
Supply chain decision-makers should take advantage of new visibility technology and think of their visibility solution as an ever-developing service. Visibility can have a huge impact on your organization’s performance and add lasting value not only to your business but also to your entire supply chain.