05/09/2018
Visibility is a major concern for supply chain managers. It is achieved by collaboration, systems integration, and a healthy flow of information. Of many things it 1. enhances physical flow, 2. improves overall performance, 3. alleviates risks... Furthermore, it answers to increasingly demanding customers to know how, where, and who are involved in the product they are buying. On the other hand, solutions are developing in various forms. So which way to go? For now, blockchain seems to get the most attention. Smart contracts, decentralized operation, transparency and trusted traceability, all seem to offer the medicine. Nonetheless, the trial periods haven’t been completed so keep a look out for the side effects.
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Using technology to gain a clear view into your supply chain can both wipe out costs and pour revenue to your bottom line.