As supply chains grow more complex, communication and visibility between stakeholders is critical. Better visibility of supply chain operations helps to reduce errors, quickly resolve and avoid disputes, reducing payment latency and penalty charges.
The data to achieve greater visibility across supply chains is present today. Systems such as fleet tracking, transport management, order management, warehouse management and resource planning are commonplace and each hold critical data regarding the goods, their whereabouts and destination.
But, these systems are often siloed, limited only to individual stakeholders. If these systems and their valuable data were to be synchronised, it could lead to greater, end-to-end visibility for all stakeholders.