I would like to take this opportunity to wish all of our readers Merry Christmas and Happy Holidays to you and your families. May 2012 bring you all health, happiness and much success. Have a safe and joyous holiday season, see you in the New Year!!
S. Cadoch Associates Inc.
In May 2011, Capgemini found that 45 percent of supply chain executives named supply chain visibility as their main goal for 2011. Holding back many supply chain managers, however, is reliance on spreadsheet programs such as Microsoft Excel and older, legacy software systems that have difficulty communicating inventory information throughout the supply chain.
The problem with these collection methods is that inventory data is more likely to be delayed, disconnected and error prone. This results in lost inventory information and inventory data that is inaccurate. To counteract this, supply chain managers should invest in a network of supply chain solutions that can communicate inventory information quickly and efficiently. Users can access the network via a “supply chain hub” – a centralized access point that allows other supply chain members to access vital inventory data.
Michael Koploy, manager of WMS Guide, discusses this topic in his blog post titled: “Today’s Supply Chain Secret Sauce: More Visibility, Fewer Silos.” The post describes how better visibility can result in more accurate spend analysis, improved policies on inventory storage and improved communicate during the logistics and transportation process.