Many people have heard about supply chain visibility. You’ve probably already got an idea of the importance of the SCV for your business. But what perks are really offered by a quality SCV?
But, before you can get to those perks, you must first agree on a common ground regarding supply chain visibility.
Supply Chain Visibility explained
The SCV is the ability to track all parts, materials, components, as well as products that move within a particular supply chain. Keep in mind that the tracking must be real-time and accurate to attain the highly subsidized chain visibility. Businesses that can achieve high levels of visibility can take more benefits from the insights into the SCV’s daily performance.
There are a lot of achievements grabbed by the businesses who are using the high level of the SVC on daily operation such as production efficiency, high quality control, regulations compliance, high standards of the procedure, raw material , safety, and many more.
Perhaps, your current bsuiness is familiar with the tier 1 suppliers and partners. But it will become more challenging when you are dealing with the next tiers in your business supply chain.
Why does your business really need SCV?
Supply chain visibility is indeed important for any business, regardless of the differences in their industries. The existence of supply chain visibility would become more exponential when a business is sourcing different materials, parts, and products from across the globe.
Without supply chain visibility, there will be risks of disruption and inevitable problems such as production failures, late deliveries, ethical risks, regulatory compliance problems, and many more. Most of these problems could lead to a waste of time, money, or even more severe, your reputation.
When it comes to mid-to-large scale, your business won’t likely survive without the supply chain viability.
Advantages of Supply Chain Visibility
It is crucial to have the trustworthy and reliable insights into every part of the supply chain visibility since it can bring good impact to your business opeartions. Here are the the benefits of the SCV that ones need to consider to improve and scale up their business.
Faster key actions and troubleshooters
One of the most common complaints about common SCV flaws is dealing with the slow responses to challenges and problems in the field. good thing about high SCV is that businesses can see the problems as soon as they occur, and they can respond and act appropriately in no time, making the supply chain smoother and more responsible.
It is because the professional SCV platforms and operators unlock the real time supplychain data and communication. When the problem arises, it will be handled without long delays. It is indeed a win-win supply chain visibility solutions to all parties.
Performance of the supplier
The software of SCV from Agistix can help the clients to analyze and manage huge amounts of the supply chain data. the insights from these raw data can inform the users the trends and occasions inthe supplier performance. But even better, you are able to assess the quality to the individual level. Based on such trustworthy information, you will be able to make better decisions to focus your work with high quality SCV providers and get rid of those who fail to deliver the good service.
Improvement and booster for your business
Did you know that one of the most important factors in business growth is the quality of supply chain visibility? The workflows for your company and the quality control checklists will ensure that all of your supply chain team members can do their jobs on a level playing field.Your suppliers will follow the exact requirements. In turn, you will be able to present the services as the market’s demand. Every party in the supply chain will be on the same page.
Improve the Quality checks
The supply chain visibility comes with tons of advantages for the cooperation and collaboration between the business team members. It allows the business to streamline the daily tasks and assignments.
One of the quality check assignments is to automate the front-end resources for the inspections based on the expertise of the inspectors and the person in charge. It can be done automatically without disrupting the flow of the supply chain.
In turn, business can effectively identify the best and worst performers in their supply chain.
Improve the trustworthy interactions between the participants
When the highly supply chain visibility increases, the same thing goes with the trust between the suppliers, brands, and clients.
With that particular level of trust, it will provide the suppliers with the opportunity to complete the objective inspections. As the supplier has shown their high quality performance, the workflow will be much smoother than before.
Lowering the cost of operation
Supply chain visibility can prevent your company from spending more time and money than you should. The right solution from Agistix, for isntance, can help your business to minimize the costs of reworks and returns. It can be done by preventing the defective products from the shipment.
Customer experience improvement
Real-time tracking allows the customers to track the location of the product, its movement, as well as the condition of the goods. Obviously, this will improve the quality of the customer experience. Most customers want to be aware of the conditions of their goods. And high SCV can do that for them.
Waste production
The high supply chain visibility can reduce waste and loss at a more exponential level. The research shows that around 40% of the waste comes from supply chain issues. By increasing the SCV quality, your company can reduce the risks and losses.
Better planning in the supply chain
It is crucial to know that the consumers have different patterns of buying from time to time. The high SCV can expose you to that important factor. It will also help the manufacturers to get ready for anticipating the future demands.
More sustainable supply chains
Experts and the particiants in the supply chain agree that the visibility is the staple factor in sustainable supply chain activity. In a nutshell, your business cannot live without it.
Reach out Agistix now to find the best SCV solutions for your business.
