Written by: Stefan Reidy End-to-end supply chain visibility empowers supply chain and logistics managers to make educated decisions. It helps companies to decrease the impact of disruptions on the supply chain by providing actionable data. Supply chain leaders recognize the importance of visibility as it streamlines operations, reduces business risk, increases efficiencies and enables better decision making and forecasting based on insights offered by real-time data. KPMG’s study reveals that the industry is expected to see a rapid growth of investment into technologies such as IoT to monitor, manage and improve the supply chain operations. When considering the fact that the key beneficiaries of visibility solutions are multiple business functions such as logistics, supply chain, finance, quality management and security the results of the study are not surprising. Source: Global Manufacturing Outlook: Low visibility, high supply chain risk (KPMG, 2016) The IoT technology:
In a world faced with the prospect of tightening supplies, higher energy costs heightened geopolitical risk, and strained transportation networks, advanced supply chain technologies will become mission-critical for many more companies. The supply chain task is not an enterprise problem; it is an end-to-end network problem involving multiple enterprises. Therefore, the solution does not lie in fixing one link in the chain but in devising a community.