A recent clear goal sidebar on 12 steps to supply chain visibility in Stores magazine outlined 12 steps a company can take for boosting transparency in the supply chain. What’s important to note is that half of these steps revoled around data, data availability, and new technology — something this blog continually advocates. Specifically:
- increase data quality
as this allows for better analysis - create an information hub
so that all information can be accessed from one central location - be aware of when your suppliers’ labor contracts are expiring
as this could be a disruption in the making - develop visibility solutions that are flexible enough to accommodate multiple fulfillment models
since multiple shipment types and routes might be required to prevent disruptions - rack costs like freight, insurance, duties, taxes and other government charges
because all data is relevant - implement route planning software
to optimize transportation and freight costs
There is no substitute for good systems and good data.