Visibility has become a ‘must-have’ capability
The supply chains of today are closely linked with all business functions within an organization, beyond production, and directly impact the customer experience. In order to ensure smooth operations, the management of physical flows should also rely on very precise information management. As transportation and logistics professionals know, uncertainty is an integral part of daily life in the supply chain. But facing a lack of visibility is no longer accepted within the market, when the possibilities to collect rich datasets, and to extract insights from them, have never been so accessible and so important. Although sometimes perceived as a constraint, or even a threat, transparency is an essential factor in enabling efficiency and as a result competitiveness for all stakeholders.
Sales forecasts, production, inbound logistics, final customer delivery, inventory management, measurement of CO2 emissions: if we consider the entire supply chain, the potential amount of data to be exploited is immense. But due to a lack of appropriate processing and sharing, key information sometimes lies dormant in isolated IT systems, whether at the level of the transport industry as a whole or in the context of a company’s own supply chain ecosystem.