A major challenge facing the supply chain industry is the lack of real-time visibility in gathering information in the correct format and place. A company’s supply chain operations start with its smallest and most remote supplier and extend through the organization to the end. Tracking and tracing the path of these movements and products through the network is a test to Logistics companies, especially if the organization has multiple software packages for each application. Even within the organization, unless an integrated ERP solution like Logipulse is used customer, it may be difficult to achieve supply chain visibility benefits.
In addition, information must be continuous to be operable, so it needs to be open in real-time. Another factor to examine is that the same information should be available throughout the organization, not just to one person, so the marketing team that communicates with the customer can access the same information as the sales and other teams.
According to a survey conducted in 2020 during the ongoing pandemic, the crisis indicates that 75% of organizations reported their supply chain was disrupted due to the lack of updates from relevant third parties or other participants. It further claims that more than 40% of them lacked a clear coping strategy. At present, supply chains have become complicated and extensive due to the diversification of supplier networks, customers all over the world, different compliance requirements, and logistics opposition. Running smoothly and preventing risks is already a laborious task.
It is vital to understand what is happening in your logistics circle, especially in times like this. Supply chain leadership must have the ability to assess critical situation of reduced profits and adapt to unexpected changes. This is where supply chain visibility (SCV) plays a crucial role. Possessing a 360-degree view of the entire supply chain network has the highest value. The lack of it will affect the supply chain to become chaotic, expensive, and unproductive.
1.Why real-time supply chain visibility has become essential?
The benefits gained through real-time visibility is numerous in the logistics industry, which is why it has become indispensable in supply chains. Let have a look at the reasons.
Transparency and Clarity: Gaining visibility into the real-time supply chain management means ensuring that operations are completely transparent. This is valuable for all the distinctive stakeholders concerned.
Effective Process Execution: Getting real-time updates on every stage of the supply chain can empower company to prepare and manage strategies more effectively.
Improved Customer Service: Real-time supply chain visibility can help Logistics companies provide and manage excellent customer service levels.
Reduced Disorganization: Disorder can lead to disarray. Classifying and fixing issues in real-time is necessary to overcoming incapability and potential obstacles in shipping and freight movements.
Analysis-based decisions: Supply chain visibility can help business owners to be predictive in the market and make decisions that are strengthened by data and insights, thus securing smart planning, agile processes, and future-proof approaches.
Improved profits: The availability of real-time data and insights at different workflows can help save costs and improve ROI or profits.
Proven Methods to Improve real-time visibility in your Logistics Company Improved visibility is learning all the data, processing it instantly, and distributing relevant information to the required set of people in real-time. This kind of habit achieved by an organization allows stakeholders to make more intelligent decisions and execute more authority over their processes in the supply chain.
Build a consolidated data model:
The basic element in developing real-time visibility is a steady, unified data model to obtain, restore and load both internal and external data from all over the supply chain. The data model facilitates automation, predictive analytics, and new business models, and is the root for building the power tower over your supply network.
Install a single AI-enabled supply chain control platform:
If getting an end-to-end view of the supply chain is a challenge, simply consider an overall supply chain management software like Logipulse. Complex Pickup-to-delivery networks and active market dynamics urge for real-time visibility and unification.
Logipulse is a single platform that consolidates and converts data into actionable insights. Leveraging AI-powered technology can help foretell future outcomes and recommend appropriate plans of action, expanding the planning, collaboration, and performance aspects of your supply chain.
Sharpen your customer experience: Customers today require more from businesses on all fronts. Features such as tracking, delivery, payment, and fast achievement of processes can help you deliver an exceptional customer experience, thus promoting customer loyalty, and winning a competitive lead in the market. This is only possible when you have a high degree of supply chain visibility with cutting-edge technology applications in hand. Logipulse provides a one stop platform.
Encourage your operators to accommodate new practices
Better said than done, right. But not anymore when easy user-friendly applications like Logipulse exist. Logipulse does not require any prior training. it is an easy application to perform all your logistics operations with a single unified app. The key to real-time visibility can be Logipulse. Usually, it is also necessary that you train business associates and employees to adopt new SCV technology, data visualization means, and analytical dashboards and stay updated on the most advanced trends in this space.
Organizations that are willing to embrace innovative solutions, use cloud-based systems, and build robust workflow methods are more likely to stay on top of their supply chain visibility competition.
Invest in automation, predictive analytics, and other advanced technologies While reconfiguring your current supply chain might seem almost impossible, you can reinvigorate the system strategically. Digital technologies like data analytics, the Internet-of-Things (IoT), machine learning (ML) and artificial intelligence (AI) algorithms have brought about a fresh roll of opportunities concerning what can be done with data.
Distinguished Real-Time Visibility Features of Logipulse
Few Major visibility features among the many common ones include:
Warehouse 2D View
Logipulse Warehousing module brings you a clearer view of your warehouses through its 2D view feature. With it, you can define the bins and racks according to your requirement. Any kind of rack can be configured into the app. The 2D view display lets you know the total space, occupied space, free space, and a lot more. Shipments will be auto assigned to free space by the system. Items, inventory, or containers placed in the warehouse can be seen in two dimensions. Free spaces, number of racks, etc can also be taken easily from the 2D view feature.
Track and Trace
Track and trace everything in your logistics operations through Logipulse. Shipments, transportation status, inventory, receipts, and accounting information are automatically uploaded to the system and tracked without manual operation. Improve visibility and help ensure that any interested party has access to important compliance information. Business parties can view their complete financial data and generate their own reports. Clients using your warehouse services can manage their inventory, remind you of the arrival of goods, and manage the ordering process to move inventory out.
Item level tracking using barcoding to transportation tracking. During this process follow each task assigned to the employee and its work status. Know every event and update your logistics business through the device you carry around with you.
Customer Portal and User Portal
The whole task of logistics will be simplified if the customers get access to the status of their services. Also, inquiries done through this medium can be converted to quotations and later to lead. Customers/Vendors also can track their shipments and other details using the codes availed through the user portal.
All in all, real-time supply chain visibility benefits are invaluable because it encourages you not only to be a leader in today’s business world, but also to adapt to the future by predicting prospects. Trends such as automation, data-backed planning and forecasting, and real-time crisis management will prove to be the key element in the supply chain space for a successful business. Put all these elements on a platform so that companies can specify them all the world, and Logipulse is the solution.