What is Supply Chain Visibility?
Supply chain visibility is the ability to view or track inventory as it moves through the supply chain. Real-time supply chain visibility is the complete, end-to-end view of a company’s logistics, inventory and warehouse management processes and people in real time. Advanced, AI-driven supply chain platforms enable total visibility into shipments and inventory on the move – right from air freight and shipping cargo all the way down to the exact bin level in the warehouse.
Types of Supply Chain Visibility, Goals, and the Importance of Supply Chain Visibility
As inventory moves through the supply chain, the types of supply chain visibility include:
- Order Visibility
- Inventory Visibility
- Shipment Visibility
- Production Visibility
The key goals of supply chain visibility include optimizing inventory levels, improving coordination with trading partners, mitigating risk, and providing accountability. The importance of supply chain visibility lies in the fact that it helps enterprises to make data-driven decisions and enhance process efficiency. Enterprises - by enabling end-to-end transparency into material flows - can meet customer expectations, reduce costs, and build highly resilient supply chains efficiently.
Learn more about Supply chain visibility Software.