Becoming versed in an industry’s terminology can feel intimidating. That is especially the case when certain words become intrinsically woven into every conversation regarding an industry matter.
If you are entering e-commerce, you may come across the term “supply chain visibility.” This term may have been in the industry for decades, but in recent years, it has seen a resurgence thanks to modern tech solutions.
As always, we here at Overflo value our ability to guide our readers and clients through prevalent industry issues and breakthroughs. Today let us share with you the meaning of supply chain visibility and how you can improve the visibility for your company.
What Does Supply Chain Visibility Mean
The term supply chain visibility means that one can see their company’s goods and products while in transit. Additionally, this provides a company with essential insights that can help them improve its supply chain’s risk management and prevent mistakes.
You can also better meet customer demands by having more direct insight. A supply chain that is more visible to its business is able to be more flexible and meet the changing demands of the growing market.
What Does Supply Chain Visibility Require
So, now you know what supply chain visibility means, but do you know what it requires?
Supply chain visibility requires integrated systems, close partnerships, data tracking, and process mapping.
In the modern area of constantly emerging tech, an integrated system is the best way to keep a supply chain visible. These integrated systems are automated and will show your products as they move through the chain in real time. From when the product leaves your supplier, to when it enters inventory, leaves for distribution, and is on its way to its final destination, you can count on these systems to show you their progress and current location.
Although modern integrated tech systems for logistics are fantastic inventions, they are not the only tool necessary for ensuring a visible supply chain.
Data tracking and process mapping are also essential for creating a smoothly operating visible supply chain. Data tracking and subsequent process mapping can help you catch possible risks and stop them in their tracks before they have the chance to transpire. Ultimately, these two tools will give you and your colleagues a better understanding of how your supply chain functions and could improve.
Last but not least, it is critical to build close partnerships with those in your supply chain. Having a close partnership with your manufacturers, warehouses, freight drivers, etc allows you to have open and constant communication. Before there were integrated systems, this is how companies created supply chain visibility. With the modern tech solutions, this tried and true method adds an unbeatable edge.
How You Can Increase Supply Chain Visibility
The act of increasing your supply chain visibility can feel daunting to venture into on your own. Implementing the expertise of those who have been in the industry for decades can remove the hiccups people often go through in this process.
But where can you go for this industry expertise if you don’t currently have those business connections?
Partnering with a third-party logistics provider is a streamlined way to achieve better supply chain visibility!
A third-party logistics provider, commonly known as a 3PL, are companies that specialize in all things logistics. That can help you improve your visibility, warehousing, order fulfillment, distribution, and so much more.
Overflo Is The 3PL For You!
Overflo is a premier 3PL provider that services The Mid-Atlantic region. We can help you achieve better supply chain visibility and logistics with our tried and true methods as well as the latest tech.
To learn more about what we can do for you, contact us today – we’ll also give you a free rate quote!