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Home » Logistics » Transparency Is the New Visibility

Transparency Is the New Visibility

July 27, 2015
SupplyChainBrain

Today's consumers want to know where their order is at every point in the supply chain and that requires more than supply chain visibility - it requires supply chain transparency, says Marino. One key strategy for achieving transparency is to have a corporate culture driven by corporate KPIs and not by functional silos, she says. This is a major change because most companies today still measure performance by silo, "which makes it very difficult to pull everything together."

"Metrics keyed to corporate-wide performance can be a driving force for people to understand corporate goals and to work together collaboratively," Marino says. "Corporate KPIs are driven from the top down and reflect where the corporation wants to go. Each silo has its own measuring points, but it must also perform to the corporate benchmark on such metrics as sales, margin and cost savings," she says.

"Companies today are investing in technology that provide supply chain transparency because they understand that to perform effectively, and to move from a push to a pull inventory strategy, they have to know where everything is in the supply chain," Marino says. "We have more data than ever before, but to use that data we need a foundation that spans all silos and provides one view for measuring the business."

To view the video in its entirety, click here

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    KEYWORDS Business Strategy Alignment Columbus Consulting Global Supply Chain Management inventory control Inventory Management inventory management IT Inventory Planning/ Optimization IT supply chain IT supply chain management Logistics logistics & supply chain Logistics Outsourcing Nancy Marino Partner Quality & Metrics Retail retail supply chain supply chain Supply Chain Analysis & Consulting Supply Chain Management supply chain management IT supply chain management SCM Supply Chain Management: Supply Chain Visibility Supply Chain Planning supply chain solutions supply chain systems Supply Chain Visibility Technology
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