According to Gartner, more than 50% of Supply Chain Executives cite Lack of Supply Chain visibility as their Top Challenge, and according to a recent report from ASCM and the Economist Intelligence Unit Over half of companies lack end-to-end visibility into their supply chains because they rely on a picture of supply and demand that is based only on internal data from the company itself. This leaves many vulnerable to unexpected risks according.
This is way per IDC's March 2022 Supply Chain Survey, 70% of companies are focusing on improving supply chain visibility and 80% are looking for ways to be more agile.
While there are many factors contributing to supply chain disruptions that are beyond a company’s control, businesses are not wholly powerless. With the right mix of technology, methodology, and a proven workflow, companies can better manage such lack of visibility and collaboration, achieving end-to-end po visibility – from factory to distribution center and assembly lines and stop constantly chasing products, pasts dues, suppliers and line stoppages.
We've developed a workflow that helps companies achieve end-to-end PO visibility from PO placement by the Customer, to supplier confirmations, to manufacturing tracking of WIP and stocks, while predicting on-time deliveries, to real-time shipment tracking. This workflow involves both technology and methodology that helps take down data silos both internally and externally and build a mutually beneficial relationship that harnesses visibility and collaboration.
The workflow helps bridge different technological systems and shares data with suppliers in a user-friendly and real-time collaborative environment that allows bi-directional communication on all aspects from purchase orders, forecasts, manufacturing processes, deliveries, shipments, score cards and KPI's. The workflow is based on the following 4 main objectives:
Implementing such a workflow can have significant results:
Stop chasing your parts, past dues and line stoppages. Its time to become proactive!
It's time to become proactive!Talk to an Expert