As supply chain visibility continues to mature quickly, it becomes more indispensable to businesses. The rise of the consumer-centric supply chain with its emphasis on giving people endless choices has placed a lot of pressure on supply chains to switch from a focus on scalability to one that is responsive and agile.
In addition, supply chains that were once linear and focused on shipping full truckloads have given way to more frequent, smaller shipments, which means inventory visibility has become more complex. Technological advancements like the Internet of Things, meanwhile, are helping to provide new levels of data and insight. This has spurred a few new approaches to visibility. Here is a brief look at each one.
This type of visibility is mostly concerned with tapping into real-time location tracking and geo-fence manipulation in order to paint a more accurate picture of assets in motion.
As one of the most popular types of visibility, aggregated networks tend to be used in the form of mode-specific carrier networks or supplier portals. These go beyond providing current state visibility to offer transactional processing both in and out of the network.
It’s no longer enough to understand exactly where something is; modern supply chains need to understand where something is going to be, which means accurate predictive technology is growing increasingly essential. This approach can take streams of structured and unstructured data that seems unrelated on the surface and process it using advanced algorithms to make useful predictions.
Visibility technology’s rise has a lot of positive implications for supply chains, but this technology on its own is not enough to reach that coveted state of true resiliency and fluidity. The right planning and execution systems must also be in place to respond to any disruptions that this technology is able to identify.
This blog post was based off of an article from The Manufacturer. View the original here.