Supply Chain Visibility Definition
Supply chain visibility is the ability to track and monitor the progress of goods and materials as they move through the supply chain from supplier to customer. This information can be used to improve forecasting, inventory management, and customer service.
There are many factors that can affect supply chain visibility, including the number of suppliers and intermediaries, the complexity of the supply chain, and the use of technology. In recent years, advances in technology have made it easier to track goods and materials throughout the supply chain. However, challenges still remain, such as keeping accurate records of inventory levels and managing data security.
Despite these challenges, companies are increasingly turning to supply chain visibility solutions to gain a competitive edge. By tracking goods and materials throughout the supply chain, companies can optimize their operations, improve customer service, and reduce costs.
