The 3 main goals of supply chain visibility are 1) to reduce business and supply chain threats, 2) to improve performance and service, 3) and to identify inefficiencies and opportunities in the supply chain.
Supply chain visibility refers to the knowing where products and materials are, at any point in time, in the supply chain. It's a fundamental part of enhancing logistics functions and results in monetary and time savings. However, supply chain visibility is limited.
41% of E2open survey respondents reported that their supply chain visibility extends as far as tier one relationships with contracted manufacturers. Supply Chain 24/7 supports that result, noting that about only 30% of companies have automated data and event monitoring and/or have optimized process capabilities in place.