Effective supply chain management can be the critical difference between a successful project with a happy customer and a failure with unhappy clients, a blow to the reputation, and potential decrease in revenue. When you maintain constant attention to your supply chain at all levels, you’ll be able to ensure you get the supplies and raw materials you need, when you need them. Supply chain visibility gives you the tools and data you need to maintain this level of vigilance on productivity.
Supply Chain Visibility in Brief
Supply chain visibility consists of a set of monitoring tools, supply chain management software, electronic equipment, computer interfaces, and techniques that let you know the exact location and status of the supplies and materials you need at any given time. It allows manufacturers, retailers, and industrial companies to see the location of raw materials, products, supplies, and other critical material at any point within the supply chain, from producer to distributor to final destination. The most effective supply chain visibility solutions allow all stakeholders and involved parties to view, monitor, and track the movement of supplies through the system.
Increasing Productivity with Supply Chain Visibility
Supply chain visibility helps boost productivity by providing visibility into critical components in the supply chain process. These include:
- Production: You can track the manufacturing, creation, or production of the raw materials, parts, components, and finished items you need to maintain you own business processes. This can include items as common as nuts and bolts or as specialized as custom-made or one-of-a-kind components. For example, if you need a particular kind of part for the engines your company makes, supply chain visibility lets you know when those parts are scheduled to be made, when the production is underway, and whey they are complete. This allows better scheduling of processes at your end and avoids delays or shutdowns while waiting on parts i.e., improving supply chain operations.
- Delivery: A good supply chain visibility system also gives you detailed information about delivery. Delays in delivery of parts, materials, or supplies can significantly reduce productivity in many business operations. By having the ability to track delivery at all steps from the provider to your facility, you can know where your needed supplies are at all times. Whether you use a commercial carrier or direct delivery, you’ll be able to plan your actions and resources to reduce delays and increase productivity.
- On-hand availability: Your supply chain visibility system should be able to immediately tell you the on-hand availability of supplies and materials needed for your business operations. The ability to know “how much” or “how many” you can access at once is a key component of planning and productivity. You can know well in advance when more supplies or materials need to be ordered. You’ll be able to tell how quickly supplies are being used and whether or not there are signs of waste or other factors that could influence acquisition.
- Cost: The supply chain visibility system you use should allow you to tracks costs of supplies, components, and raw materials. When you have this information at hand, you’ll be able to balance budgetary factors with productivity needs to keep all your processes moving forward.
When you have immediate access to accurate information about what’s going on in your supply chain, you’ll be able to increase productivity. This allows your company to better meet objectives and deliverables, improve customer service, and boost profitability.
Contact RMG today for professional help with applying or improving a supply chain visibility system. We have the expertise, equipment, and depth of experience that can make your supply chain processes effective and efficient. Learn more about RMG and our Visual Supply Chain solution by downloading the Real-Time Performance Management with Digital Signage for Supply Chain white paper or by contacting us today.
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