As businesses continue to expand and globalize, the supply chain and logistics industry has become increasingly complex and challenging to manage. After the Covid-19 pandemic, we all understood that international shipping was not an efficient system. There are many steps to take, and then we can hope for a supply chain without exceptions and delays. How can we rely on the ETAs when there are dozens of unexpected delays?
Supply chain inefficiencies, lack of timely information, and increased costs are some of the main issues organizations face when trying to manage their supply chain effectively.
Fortunately, technology is playing a significant role in revolutionizing how companies manage their supply chain. Shipment visibility software is one of the most innovative technologies developed to address these challenges. This software is a technology solution that offers real-time tracking, efficient route planning, and streamlined communication to improve supply chain efficiency.
In this blog post, we will explore how shipment visibility software is revolutionizing supply chain management by identifying the top challenges that such technology addresses and the potential future developments of shipment visibility software. Join us as we delve deeper into this highly innovative technology.
Top Challenges in Supply Chain and Logistics
The supply chain and logistics industry faces several challenges that hamper its efficiency. These challenges can lead to increased costs and reduced profits. One of the major challenges is the inefficiency in the supply chain, resulting in delays and increased production costs. Additionally, the lack of timely information is another challenge that affects the supply chain’s effectiveness. Organizations can have difficulty making informed decisions without timely information, which can slow down operations. Lastly, increased costs can impact supply chain efficiency, reducing revenue and making it hard to remain competitive.
However, shipment visibility software has emerged as a game-changing solution that can help address these challenges. This technology helps organizations operate efficiently, reduce costs, and improve customer satisfaction by providing visibility throughout the supply chain. Let’s explore how it does this in the next section.
Ways Shipment Visibility Software Helps Solve Supply Chain Issues
Shipment visibility software is an innovative technology solution that provides organizations with real-time tracking, efficient route planning, and streamlined communication to improve supply chain efficiency. By offering real-time tracking, this technology provides visibility of orders, inventory, and shipments across the entire supply chain.
Furthermore, efficient route planning allows organizations to optimize their supply chain and make timely decisions to improve delivery times. This means organizations can get products delivered to customers faster, reducing costs in the process. Additionally, streamlined communication processes ensure that everyone involved in the supply chain is on the same page, which can help reduce the chances of miscommunication and errors.
Cost Savings through Shipment Visibility Software
One of the most significant advantages of implementing shipment visibility software is the potential for a reduction in costs in several areas. For example, with real-time tracking and efficient route planning, organizations can make more informed decisions about inventory management and reduce storage costs. Moreover, shipment visibility software can also make it easier to identify key areas of the supply chain that need to be optimized, which can help reduce overall transportation costs.
Improved carrier performance is another way shipment visibility software can help reduce costs. By comparing carrier performance information, organizations can negotiate better terms with their carriers, resulting in cost savings.
Lastly, increased customer satisfaction resulting from timely delivery can have a positive impact on revenue. Satisfied customers are likely to become repeat customers and recommend products or services to others. By having visibility into the supply chain, organizations can reduce delivery times and meet customer expectations.
Case Studies of Companies that have implemented Shipment Visibility Software
The benefits of shipment visibility software cannot be overstated. Many businesses have implemented this technology, and it has made a significant impact on their supply chain and logistics operations. Here are two examples of companies that have successfully implemented this technology:
Company 1: A national food distribution company was facing a logistics challenge in delivering perishable goods across the country. By implementing shipment visibility software, the company was able to optimize its supply chain and reduce delivery times, resulting in increased customer satisfaction. Additionally, the company was able to identify inefficiencies in its supply chain that were resulting in increased costs and address them in real-time.
Company 2: A global manufacturing company was struggling to reduce the cost of its international shipping operations. By implementing shipment visibility software, the company could track inventory and shipments in real time, identify inefficiencies in the supply chain, and optimize transportation routes. As a result, the company achieved a significant reduction in transportation costs and was able to improve its bottom line.
Potential Future Developments of Shipment Visibility Software
As technology continues to evolve, shipment visibility software is also expected to undergo significant changes. For instance, leveraging artificial intelligence (AI) and the internet of things (IoT) will significantly enhance shipment visibility. AI algorithms can analyze data from various sources, including weather patterns and traffic conditions, to optimize transportation routes and avoid potential delays.
Moreover, IoT devices, such as sensors and GPS trackers, can provide real-time data on the location of shipments and products, streamlining shipping processes and enhancing delivery accuracy. Additionally, blockchain technology offers a high level of security and transparency, enabling the supply chain to be effectively managed from end to end.
Visiwise Revolutionizes the Supply Chain Management
One of the most significant challenges in managing a supply chain is having visibility over all aspects of the logistics process. Importers, exporters, and freight forwarders need to monitor and manage multiple shipments from different carriers in real time. Thankfully, the Visiwise Visibility Platform provides a powerful solution to these challenges.
Visiwise allows for complete control over all shipments, providing importers, exporters, and freight forwarders the ability to track and manage all their shipments from different carriers in one place. The platform monitors shipments and keeps them updated, allowing users to use tags and filters to create a personalized view of their list and ensure quick access to the most important details.
One of the significant features of Visiwise is its Map view. This feature displays all in-transit shipments and vessels’ locations on a world map, allowing users to get a real-time look at where their shipments are in the world, so they can plan accordingly. Moreover, the ETA history function provides better prediction of cargo delays and an analysis of shipping lines’ performance, which can help users make informed decisions.
Automation is another fantastic feature of the Visiwise Visibility Platform. With automation, manual tasks such as checking containers’ last moves and estimated time of arrival (ETA), generating regular reports, informing others, and more can be automated, reducing the workload and streamlining the workflow.
Visiwise also offers customized notifications for carrier ETA changes, new moves, exceptions, and any other important events, ensuring that users remain informed in real time about any changes in the shipment status. Additionally, users can send updates automatically to others, keeping the communication process smooth and efficient.
The platform provides regular reports for all ongoing shipments, making it easy for users to keep track of every detail regularly. Integration is another essential feature of the Visiwise Visibility Platform, as it can be integrated with TMS and ERP applications such as SAP and Microsoft Dynamics Nav, which can be very useful.
Finally, Visiwise is designed for teams, making it a collaborative workspace that people need in logistics to enhance workflow. Colleagues can be added, communication can be streamlined, and documents and files can be shared on the Visiwise cloud, making it easy for teams to work together.
In summary, the Visiwise Visibility Platform is an innovative technology solution that provides complete control, automation, and integration, making shipment management easy for importers, exporters, and freight forwarders. With customizable notifications for important events, regular reports, and a user-friendly interface, Visiwise is a valuable tool for anyone in the logistics and supply chain industry.