Tools & Solutions to Improve Your Supply Chain Visibility

 

The terms supply chain management and supply chain visibility are frequently used in the logistics industry. Before I get into the meat of the matter, let me give you a quick comparison of the two.

What Is Supply Chain Management (SCM) and How Does It Work?

Supply chain management refers to the control of the flow of goods and services, and it includes all processes that transform raw materials into finished goods. It entails a company's supply-side activities being actively streamlined in order to maximize customer value and gain a competitive advantage in the marketplace.

What Is Supply Chain Visibility (SCV) and What Does It Mean?

Supply chain visibility refers to the ability to track individual components, subassemblies, and finished products as they travel from supplier to manufacturer to consumer (SCV). The scope varies depending on the product — are raw materials included, and will the item be tracked in both directions?

Supply Chain Visibility vs. Supply Chain Management

SCV software is a tool in supply chain management's toolbox. Inventory optimization, product tracking, and data centralization are just a few of the features and functionalities that SCV and traditional SCM solutions have in common. There are, however, a few minor distinctions between the two.

Traditional supply chain management systems typically handle logistics for goods and services, whereas SCV solutions help plan these workflows by providing critical inventory data. SCM solutions include labour and order management modules, whereas SCV systems focus on tracking and tracing every product and process.Overall, SCM systems help with supply chain management across the board, while SCVs improve visibility across all supply chain operations.

Let's move on to the main point: improving supply chain visibility.

You can differentiate yourself from the competition by increasing visibility in the last mile of the supply chain. Look into how the Internet of Things and third-party logistics companies can help you get the information you need.Customers and stakeholders want more visibility into the supply chain's last mile, so logistics professionals must figure out how to get the right data at the right time.Lack of last-mile visibility can be a major issue in the E-Commerce industry, where logistics is often a key driver of a positive customer experience—and, as a result, loyalty.It's critical to use the right technology and collaborate with the right people to get a complete picture of where products are in the last mile of the supply chain.

Last-Mile Supply Chain Visibility Solutions

Improved last-mile visibility requires more accurate, relevant data, which begins with better-connected devices. The Internet of Things (IoT) is one example of a technology that can help shippers create a well-integrated, streamlined digital ecosystem.

The Internet of Things (IoT) is a network of physical devices that are connected by sensors or software. It makes it possible for disparate systems and devices to collect and share data, which can then be shared with you in real time as your products move through the supply chain.From the time the product leaves the warehouse or distribution hub to the time it arrives at the customer's door, this can provide a complete picture of the last-mile delivery movement.

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what is supply chain management, best supply chain visibility tools, supply chain visibility, Supply Chain Management

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