Why is supply chain visibility important?
Supply chain and transportation performance are very important to both manufacturers and retailers. According to IBM, 87 percent of chief supply chain officers (CSCOs) say it is extremely difficult to predict and manage supply chain disruptions and 84 percent of them cited lack of visibility as their biggest challenge. Furthermore, according to Gartner, supply chain visibility is the number one funded investment initiatives prioritized for many (46%) supply chain organizations.
Having greater visibility into transportation operations allows shippers to quickly anticipate problems and efficiently manage exceptions, which in turn ensures better quality of service for their end-customers and generates significant financial gains. Improving delivery performance (OTIF) is one of supply chain management’s main objectives, and it remains one of the most important levers when optimizing a company’s costs. This process requires that companies have the ability to reliably measure and analyze their performance on a day-to-day basis.