What is the importance of supply chain visibility?

What is the importance of supply chain visibility?

Supply chain visibility is crucial as it allows businesses to track products in real-time, improving efficiency and reducing risks.

How does it impact customer satisfaction?

Enhanced visibility leads to better inventory management and timely deliveries, which significantly boosts customer satisfaction.

What technologies can improve supply chain visibility?

Technologies like IoT, blockchain, and advanced analytics can greatly enhance supply chain visibility by providing real-time data.

Can you give examples of companies that excel in this area?

Companies like Amazon and Walmart are known for their exceptional supply chain visibility, leveraging technology to optimize operations.

What are the challenges in achieving supply chain visibility?

Challenges include data silos, lack of standardization, and the complexity of global supply chains, which can hinder visibility.