When your supply chain has visibility, your business is then able to track product from all stages such as raw materials, manufacturing, and eventually to your customer. Having the ability to view products in transit in real time enables shippers to improve customer service and cost controls by providing status updates, ultimately limiting disruptions and risk mitigation. As a result, your supply chain will slowly become stronger and more agile in addition to having good visibility.
Mitigate Disruptions
Having your business understand where potential disruptions lie within your supply chain can help significantly down the road. A visible supply chain that is strong in data analysis and communication with your suppliers, partners, and manufacturers will greatly decrease the potential obstacles and lead to the results that will be the most beneficial to your business.
Meet Customer Demands
Though the supply chain has always been unpredictable, 2020 really changed the way businesses adapt to change and customer demands. Having visibility into your supply chain and partnering with a 3PL like NewStream Enterprises, LLC can allow your business to determine what changes need to be made so that you can meet your customer demands and continuously increase customer satisfaction.
Enables Agility
With supply chain agility, your business focuses on flexibility and receptiveness which is a main goal when having supply chain visibility. When your supply chain is agile, your company will be able to quickly respond to changes in demand, customer preference, and industry. Having visibility allows you to respond to everything that comes our way while simultaneously making the appropriate changes that boost your productivity regardless of the circumstances.
Lower Costs
When your business has supply chain visibility, this allows you to make the most informed decisions for each part of your supply chain and help contribute to the bottom line of your business. Some ways your company can work to lower costs is to minimize reworks and returns by preventing defective products from shipping, increasing the percentage of products that are done correctly the first time, and ensuring all your testing operations work to you and your market’s specifications.
Supply chain visibility is a crucial part to running a successful business. Without proper knowledge, it can be difficult to know where to start. With over 30 years of comprehensive supply chain management, NewStream understands the difficulty when assessing your supply chain. With our team of experts, we’re ready to take on your challenges and help your supply chain become stronger, more agile, and more visible.
Do you need help with supply chain visibility? Let’s chat, our team of experts are ready to help!