Industry research suggests only 6% of supply chain professionals claim to have full visibility into their supply chain, and only 17% claim to have partial visibility. But why are those numbers so low? Critical barriers within your supply chain processes, between your company silos, and between you, your suppliers, and customers are to blame. These barriers create issues that make visibility less than clear when it comes to seeing your orders, when an order ships, or even what’s in them.
This often leads to costly fines, fees, and chargebacks from your customers and makes it difficult to identify the root causes and prevent them from happening in the future. It’s a damaging trickle-down effect that has the potential to wreak havoc over your entire supply chain. In fact, according to IBM 84% of chief supply chain officers cite lack of visibility as their biggest challenge.
Let’s take a closer look at some of those issues and examine why complete, end-to-end supply chain visibility is so important to your business and the benefits you can expect to achieve with full visibility from Syncrofy and IBM:
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