Visibility must be viewed as a vital component if any supply chain improvement strategy is to be successful, but getting this right can be easier said than done. Here are some tips for tackling this monumental task effectively.
First of all, keep in mind that visibility is not just about sensing data; it also entails analyzing it properly and putting it into action throughout the enterprise as a whole. Predictive analytics should be used to develop a response to actual market conditions, predict the behavior of your customers, and single out any potential delivery hiccups. Predictive models can help find patterns in historical data to identify any possible risks as well as opportunities.
You’ll also want to make use of prescriptive analytics to run through all of the possible scenarios using real-time data in order to find the ideal solution. This can help navigate through the countless decisions and influences that could ultimately affect the final outcome.
Transform Your Business Culture And Eliminate Silos
Taking the time to nurture an “outside-in” culture in your business can also pay dividends. This can be accomplished by focusing on your customers and trade partners, responding directly to any external market drivers.
Identify silos in your organization and take steps to get rid of them. Even though silos are less prevalent now than they once were, most businesses still have them, particularly between logistics and purchasing.
Be sure to use the cloud to your advantage. The greater connectivity it can provide will bring about greater collaboration. By using the cloud, you’ll make connections faster and more affordably.
By focusing on boosting end-to-end supply chain visibility now, your company can reap tremendous long-term rewards, whether it’s in the form of improved customer service, bigger profits, higher rates of order fulfillment, or increased operational efficiency.
This blog post was based off an article from Talking Logistics. View the original here.