Supply chain visibility is the key
👀 Supply chain visibility is the key.
With real-time visibility into the status and location of goods in transit, businesses can make informed decisions about inventory management, production planning, and other critical processes. Improved visibility across the supply chain enables better collaboration and communication between suppliers, manufacturers, logistics providers, and customers, leading to more efficient and effective operations. Additionally, by minimizing the uncertainty and inefficiencies that arise from a lack of visibility, businesses can reduce costs associated with excess inventory, stockouts, and other operational issues.
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In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.