15 March 2021
Founder and President
In simple terms, supply chain visibility refers to when a company can see and fully understand the procedures of its supply chain from A to Z. Though this may seem simple, it can be extremely difficult to achieve for many companies. According to Resilience360 (launched by DHL in 2012) and The Business Continuity Institute, 73% of companies globally experienced detrimental supply-side disruption as a result of the COVID 19 pandemic in 2020.
Accurate supply chain visibility actually is based on trackable information in real time. The responsible personnel should know the inventory management details at all times. In addition, they would have access to information and be able to trace the status of all components within the process of transit, as products move from the manufacturer to the final destination – End-to-End (E2E).
SCV is the transparency of, and access to, data relating to every traceable component of the entire supply chain. For retail operations, this definition includes tracking goods from the supplier all the way to the end customer. In an ideal situation, the fleet manager (or the person responsible for managing the chain) would have complete access to the status of all data. Regarding the cargo industry this would include:
Visible Commerce is a concept that promotes collaboration of technology and data to bring about more transparency to the supply chain. This idea represents a transparent exchange of money, goods and services with the availability of data, thereby empowering people to make more effective and ethical business decisions. It actually means knowing what and who is underneath all those transactions that bring products into our lives.
Supply Chain Visibility is not only a way to access data linked to delivery processes, rather it offers companies the ability to stay well-informed of their extended supply network. With efficient integration within systems, high visibility can provide sufficient time to resolve detected errors straight away.
One of the main challenges that companies face is dealing with the huge number of unconnected platforms available to manage cargo deliveries. Trucknet’s platform offers connectivity throughout the transportation process, thereby providing visibility.
With a high visibility supply chain a company can:
Covid-19 has shown the world that investing in supply chain visibility is a necessity. Supply chain visibility begins with a process that a company must undertake to ensure optimal efficiency. To achieve supply-chain excellence, a collaborative effort is essential between all players in the network for improving performance.
“This digital age requires leaders to be visible and authentic and to be able to communicate the decisions they’ve made and why they’ve made them, to be able to acknowledge when they’ve made a mistake and to move forward, to engage in the debate.”
Gail Kelly, former CEO of Westpac bank, was named 8th most powerful woman in the world by Forbes in 2010.