For some years now, “supply chain visibility” has been held up as the solution to every supply chain director’s problem.
Do you have powerful IT systems monitoring every movement in your supply chain? Collecting thousands of pieces of data from origin to destination? Building up a comprehensive data bank over months and years of business intelligence? So what do you do with that data?
For some years now, “supply chain visibility” has been held up as the solution to every supply chain director’s problem. Constantly monitor where your goods are and you will minimize inventory, reduce time to market and – most importantly – cut costs, we are told.
But does that really happen? Is all that data used to its maximum extent or does it just accumulate in an unused pile once a couple of bottlenecks have been identified and eliminated?
The danger is twofold: that different parts of the supply chain are so overwhelmed with data that it becomes unproductive for both transport suppliers and shippers to do anything more than a general analysis.
Or, conversely, that the wrong type of data is collected, missing precisely the “right” data, maybe further back up the supply chain, that would be most useful for generating potential efficiencies.
Via Ricard Lloria