Trends in the Supply Chain Industry: Supply Chain Mapping
The supply chain industry is a dynamic one. Thus, it demands a constant vigilance in keeping up with the trends in order to remain competitive. Every year, consumer complexity rises and demands faster services and near instant problem resolution. By keeping up with the changing trends, you are one step closer to optimizing your supply chain.
Supply chain mapping is an extremely effective way to monitor your supply chain. Companies need to keep track of where their products originated, how they were made and how they are shipped. Furthermore, this data needs to be organized and presented on demand. Supply chain mapping offers a solution. With instant access to your larger supply chain, you can react to problems quickly and find a solution. Whether that is a problem with a supplier’s efficiency or a natural disaster, supply chain mapping keeps you aware in real time. This is far more efficient than waiting for a problem to be reported by a distant supplier or consumer. Supply chain mapping tools like Achilles are great options for increasing your overall supply chain efficiency. Additionally, mapping allows you to focus on high-cost or high-risk products, tracing their entire route and distribution process.
Mapping can give you a bird’s eye view of your larger supply chain picture. It organizes your data and allows you to share it, study it and hone in on problem areas. This enables you to pinpoint inefficiencies, whether they arise in shipping, production or distribution. By gathering quick, reliable data from consumers and suppliers, you are empowered to increase your supply chain efficiency.