What Is Supply Chain Visibility (SCV)?

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Understanding your supply network better is a must. Like a crystal ball, it reveals the precise location of a company's goods at all times, from when they depart the factory to when they are delivered to the client. Comparable to seeing all the meaty details of the supply network behind the scenes. Well, OK, but how does it work in detail? However, Supply Chain Visibility (SCV) is all about using technology to track information and products as they move from point to point in the supply chain. Playing "Where's Waldo?" with shipping containers, pallets, and cars. You're not looking for Waldo; you're tracking manufacturing schedules, shipping times, and inventory levels. SCV requires a system that can reliably collect and process this information in real time. Electronic data interchange (EDI), a global positioning system (GPS), and radio frequency identification (RFID) all play a role in this context. These developments allow businesses to track their products in transit and share that information with suppliers, customers, and other stakeholders. Then, why should we put so much stock in SCV? At the outset, it helps corporate leaders make better choices. Businesses can improve efficiency and save money by keeping tabs on inventory and shipping periods in real time. In addition, it helps companies better respond to the needs of their customers. A company with a high SCV can accurately estimate the delivery time of a customer's purchase. SCV's objectives go far beyond simply increasing productivity and making customers happy. There is also an emphasis on minimizing danger. Monitoring the movement of products throughout the supply chain can help businesses identify possible bottlenecks and address them before they worsen. They can identify security risks, such as theft or counterfeiting, and take corrective action. For businesses serious about growth, SCV is an invaluable tool. This insight is like flourishing a magic wand before you, revealing the future so you can prepare for it. If a business has access to the appropriate resources and personnel, SCV can be used to increase output and improve customer service.

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