More than half of global companies believe supply chain visibility needs to be improved, a new study shows
June 11, 2013
A
new study shows more than half of global
companies surveyed believe supply chain visibility needs to be improved.
Aberdeen Group’s study reveals 63 percent of global companies rank supply chain visibility as a high priority for improvement.
The study, Supply Chain Visibility: A Critical Strategy to Optimise Cost and Service, sampled 149 companies with predominant global supply chains.
Aberdeen Group Senior Analyst Bob Heaney says increasing visibility is a critical strategy for enterprises aiming to reduce costs and improve operational performance in complex and multi-tiered global supply-demand networks.
“At their core, supply chain visibility solutions aim to improve an organisations’ ability to connect transport and logistics activities, and put universal standards – like GS1 enabling technology – to their most productive use,” Heaney says.
Aberdeen reports an increase in the use of logistics service providers as supply chains become more globally connected.
“End-to-end supply chain visibility has never been more important for all involved parties to speak the same language,” GS1 Australia CEO Maria Palazzolo says.