Question: Visibiity is a vital component in building efficient and effective suppiy chain ecosystems. Ittecticely managing the movement of intormation flows around such comples, multi-layered, fiobally

Visibiity is a vital component in building
Visibiity is a vital component in building
Visibiity is a vital component in building efficient and effective suppiy chain ecosystems. Ittecticely managing the movement of intormation flows around such comples, multi-layered, fiobally convected and interdependent networks is an ever-increasing challenge for businesses and one that most admit they have not yet fully mastered. in simple terms if you cannot see where you are going. the chances are you won't aet where you want to g. This applies just as much to managing the supply chain as it does to driving a car or planning any other type of journey - the scenery may suddenly change, new data is continuously availabie and obitacles may unexpectedly appear that cause you to change direction. Achieving supply chain visibthity is vital for the business agility that enabies competitive advantage - the ability to buid and manage strong. Customer focused distrituution modeis, to respond and adapt to changes in demand, component supply, routeh, motes of transpott and the many other olten. unexpected cvents that can affect even the most weil-planned supply chain ecosystem. The losistics inoustry has in Eeneral been very aware of the many advances in telecommunications systems and intiormation tectunoloby - and terms of achievine real-time visibility, the latest peneration of data collection and recording devices and associated software tools can be fully integrated to provide a comprehensive and seamiess picture of the status throughout the supply chain - anytime, anywhere. Multi-platform technology solutions can combine and process inputs from multiple devices and systems - such as personal computers (PC). 1aptops, notepads, bat-code scarners, elobal positioning systems (GPS), stock management applications, warehouse management systems (WWS), in-cab ptool of delivery (POD) tools and other mobile devices - thereby putting information integration and supply chain visiblity at the heart of managing the ecosystem. Cloud computing has provided an additional dimension for data collection and information sharing that provides yet further integration, speed and security to connect all the various stakeholders throughout the supply chain. Along with the growth of world trade, any global supply chain ecosystem may now involve hundreds or potentially thousands of suppliers and partners, with each stakeholder possibly using. different platforms or technologies, presenting a range of obstacles to collabotative iniormation sharing atid communications, inevitably leading to blind spots, Technology can overcome these barriers and enabie supply chain visibility, in even the most complex of ecosystems, with key input and output features being that data is entered only once and that information provides a single version of the truth that can be shared coliaboratively amongst ali stakeholders. Leveraging a cloud-based information technology solution, featuring a shared hub, platiotm of portal. through which every partner in the network could connect with any other supply chalin participant. will allow evenyone to track, monitor and report on events in the supply chain. With all ccosystem participants sharing the efficiencies and reducing errors - and the principal and their chosen business parthers obtain a holistic vew ofing advantaf and monitor exceptions on a single, global platform. - Real-time multi-party or multi-tier demand and supply - Internal integration across functional departments, operating divisions, and geographies. Rapid resolution While reducine cost, nolse, endion of the majority of exteptions and shipment events quidily and cest-etfectively. A successfully deplowed technoloey solution has the potential to help improve tupety chain perfermance in three key areas of visibility: - Visibility for planning and forecasting data gathered on factari such as deenand, movements, costs, different modes and stock levels - which in themolves provide companies with hour try-hour and dop by-dwy operational visibility, also provide an invaluable record to enable senior manazement to make more informed and inteligent plans and forecasts. - Visibility for storage and transport more and mote standard cloud computing applications are becoming avaitable for functions such as network ttratesy, inventory management, warehousing. systems are essentially collaborative and accessible, theis are of for open sourcing and procurement: as clous-based systerns are essentially collaborative and accessible, they are of great benefit for companies who deal routinely with a great many suppliers: Collaboration allows multiple parties to jointly develop supplier contracts and improwe Wisetech Global. The CargoWise One system proticen that enables supply chain visibility is Cargowise One from and communication between supply chain partners, customers and suppliers. Their technolosy solution istegration to how supply chain management software that provides end to end vislblity will improve productivity, lower costs, increase standards of customer service and ultimately deliter greater ptofitabelity from a seamless supply chain operation. The system is specifically developed with the functional capabilities for logistics and supply chain applications can be-scaled to individual business demands for any company from a small business start-up to a multinational operation. Modular design allows the user to select the most aporopriate system tools with the ability to upgrade as circumstances change. The ablity to integrate in-house functions with those of supply chain ecosystem stakeholders is essential to any Cloud-based system. Users should therefore ensure that any other relevant process such as accounting. document management or e-commerce, as well as the more obvious loplstics functions, can be fully integrated into the platform. Where a fully integrated Cloud-based system really comes into its own is when managing international trade and the many complexities that arise when moving merchandise from one jurisdiction to another. CargoWise One features an integrated online tariff classification tool that helps enable regulatory compliance with customs, quarantine, supply chain security and dangerous goods authorities - in an ever increasing. number of countries across the globe. The software has been implemented at more than 5,000 locations across 105 countries with users confirming powerful and positive results in terms of increasing visibility and helping their businesses successfully compete in the international market. CargoWise user Senator International, a Hamburgbased international carrier and Iogistics supplief, say that the software helps them meet their clients' visibility expectations and has improved their internal and external systems. DIS International in the USA switched to WiseTech Global's software to increase productivity through reduced paperwork and other business efficiencies. Instead of re-keying information, printing data, using calculators and handling high volumes of paperwork, staff now only need enter the relevant incremental data once and the automated system does the rest, giving the company and client full visibility on all shipments around the world Discussion Questions: 1. Identify and justify at least 6 multiple approaches that you believe would be most imperative to enhance the GSC visibility. 2. Identify and justify at least 4 approaches other than you identified in part (1) that you believe would not be effective to enhance the GSC visibility. 3. Explain in three statements what lessons you learn from the above case with regard to supply chains visibility

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!