According to a global supply chain survey profiled by Supply Management in SupplyChainBrain, full supply chain visibility rose from companies' sixth most important strategic priority in 2015 to third in 2017. Yet only 6% of firms said they had achieved this aim.
The survey, which canvassed 623 supply chain professionals across 17 countries, found:
Take, for example, an electronics manufacturer who wanted to improve management of its air, ocean and final-stage trucking transportation from suppliers in Asia to its European production facility.
The company had to obtain shipment information through various means - an inefficient use of staff's time and resources for often incomplete or inconsistent data.
As a result of poor - and often non-existent - visibility, they could see when their shipments were booked, if they were in transit or the estimated time of arrival.