Supply Chain Visibility is Dead
With the advent of the internet of things (IoT), digital supply chain solutions are now providing real-time IoT-based vs. latent EDI-based visibility.o
Latest NewsProcurement is getting its digitized act together Third Party Risk: Too Close for Comfort Pacific Basin conflict and its impact on high tech manufacturing The New York Shipping Exchange steps up its game to serve “digitized” logistics What Maersk Really Means About Global Integration More News
With the advent of the internet of things (IoT), digital supply chain solutions are now providing real-time IoT-based vs. latent EDI-based visibility. Despite these advances, however, few people realize that supply chain visibility has become the shadow of a much greater value driver.
While it’s nice to know the real-time location of a shipment in-transit, it’s far more valuable to accurately predict when it will reach its destination, or to understand current and predicted lead-time and throughput variability to effectively match dynamic supply to dynamic demand. These predictive and prescriptive capabilities are driving far more value than stand-alone supply chain visibility ever did.
Subscribe to Supply Chain Management Review Magazine!Subscribe today. Don't Miss Out!
Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
Get Smart (about replenishment) The Benefits of Blockchain: Fact or Wishful Thinking? View More From this Issue