Irrespective of the demand for visibility from market, such managers find it a blind move which might not add to their profits. It leads to a number of issues such as customer losses, entry of new suppliers, lack of collaboration and overall reduction in the productivity rate. This essay argues the importance of supply chain visibility with supporting literary sources and case studies. The present scenario of the industry with and without supply chain visibility will be listed out in the essay to list the arguments. The extent to which SCV can be of help to firms shall be discussed in the concluding paragraphs.
The aim of this paper is to determine the significance of supply chain visibility with adequate examples and enlist the impacts on the firm upon implementation.
This essay might motivate a number of supply chain managers to adopt this successful strategy to achieve sustainability in the market.
The objective of supply chain visibility (SCV) is to enhance and enable the supply chain by ensuring data readiness to stakeholders. In the recent times, companies have outsourced the supply chain tasks and this is a reason for the loss of control on operations. When they are outsourced, the service provider fails to learn the advantages of the SCV and hence result in poor returns. The best part of SCV is to address the demand with quick responses to understand the needs of privileged users and retain them to the brand.
In the supply chain business, there is a possibility to swap between priorities based on the immediate needs. For example, manufacturer (including contract outsourcing) might look into interruptions that can affect product suppliers (Slack et al., 2009). On the other side, manufacturer (managing the packaged goods) might place importance to supplier inventory shortage. They work on a real time basis and meet compliance directives with supporting trade practices. It is essential to note that SCV has a direct influence on the disaster recovery plan followed by the organization.
Majority of the manufacturing companies are encouraged to conduct activities outside the firm. A study conducted by Cranfield University in United Kingdom showed that the supply chain requires over 52 pieces of data to flow across. When there is so much information, it demands for efforts from the supplier and a better technology that can connect among the stakeholders. This result has proved that supply chain is complex and vast (Gilmore, 2013). Another point to be noted in the supply chain network is the demand from customers for rapid service. Due to competitive pressure, suppliers are forced to tolerate the demands and manage the schedules without mistakes. A consulting firm Deloitte (Stanchik, 2016) has reported that the sudden demand adds to their expenses and affects the supply chain. To address the demands, Deloitte is forced to follow transparency and efficiency in supply chain. It adds consistency through identification of SKUs and allotment of timelines.
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