Supply chain is a term that describes the flow of goods from their origins to the final user. This supply chain can be broken down into smaller segments that include sourcing, production and distribution. However, supply chains are not static.
They are always changing depending on market demand, new technology and regulations. And while they have come a long way since first being introduced more than 200 years ago with just crude carts pulled by horses transporting goods through dirt roads in Europe, there is still room for improvement. That’s where a Logivice digital supply chain control tower comes in.
Real-Time Visibility
Real-time visibility means that you can see what’s happening in real time. What does this mean? It means that you know where your supply chain is vulnerable and which suppliers need special attention at any given moment. You can also see opportunities that might not be immediately obvious, but could be very beneficial to your business if you act on them quickly enough. By having access to this kind of information at all times, it makes it easy for your company to react quickly when something goes wrong or needs changing—and it gives you a leg up on competitors who don’t have access to such data!
Ability to Access Data from All Your Systems and People
It’s hard to imagine a world without the internet. The internet is one of the greatest tools we have in our arsenal as a society. It has revolutionized how we interact with each other and how we do business. The most important thing about the internet is being able to access information from all over the world in one place. This means that you don’t need to go across town or even across your desk just to get what you need out of another system; it’s right there on your screen!
The Ability to Share Insights with Anyone in Your Organization
There’s no better way to share insights with your organization than through the use of a digital supply chain control tower. By using technology and data, you can share insights across departments and functions in your organization.
- Be mindful of whom you share the data with.
- Know who will be consuming your information and make sure they have enough context to understand what they’re seeing.
- Be mindful of how much data you are sharing at once—too much can become overwhelming and cause confusion rather than clarity!
Rich Analytics
With a Logivice digital supply chain control tower, you can analyse data in real time and create custom reports that allow you to compare multiple data points. You’ll also be able to drill down into the information to get more specific insights.
Because of the rich analytics available through an automated system, you will be able to quickly identify issues with your materials or processes that could impact your business. The ability of a digital supply chain control tower is even more powerful when used in conjunction with other technologies like machine learning and artificial intelligence (AI).
Automated Alerts and Notifications
You can set up alerts for virtually anything in your supply chain. For example, if a shipment is late or there’s an inventory issue, you can be notified immediately and take corrective action. Or if the weather forecast calls for rain tomorrow, you can get an alert about whether it will affect delivery of your product or not. You can also set up notifications to let you know when transactions have completed (e.g., invoices have been paid).
Digital Supply Chain Control Tower Is the Perfect Way to Gain Real-Time Visibility into Your Entire Global Supply Chain
A digital supply chain control tower is the perfect way to gain real-time visibility into your entire global supply chain, plus a whole lot more.
With a digital supply chain control tower, you can access data from all your systems and people, in one place. And because it’s cloud-based, it doesn’t matter where someone is located—they can still access everything they need from anywhere.
Plus, with the ability to share insights with anyone in your organization (and even those outside of it), there’s no more haggling about who has access to what information or who gets credit for what insights—you’ll have complete transparency across your entire organization at all times.
With rich analytics capabilities built into every aspect of this platform, you’ll be able to see exactly what needs attention within each part of the supply chain so that nothing falls through the cracks again—and any actionable alerts or notifications triggered by these analytics are automatically sent out as well so everyone knows exactly what needs doing next!
Conclusion
We hope that this article has helped you gain a better understanding of what a digital supply chain control tower can do for your business. The technology is constantly evolving, but we’ve tried to cover all the main features here—and why they’re so valuable.
As we mentioned above, it’s important to remember that no matter which specific solution you choose (or even if you decide against getting any kind of software at all), there are ways for every company and every industry to benefit from having access to real-time data about their supply chains.
