6 unique ways to tackle the blind spots with the right supply chain solution
Importers, usually, overlook potential weaknesses in their supply chain, but technology can help unravel these knots that constrict the supply chain. It can help unlock bottlenecks and, thereby, enable competitiveness.
Let’s have a look at some of these challenges and how technology can help you address them.
Lack of uniformity in storing supply chain data
Storing the same data or information in different formats, places, and systems causes confusion and redundancies while analysing and interpreting data.
The right technological tools can help you store data in similar formats. This will dispel all uncertainty and bring in better visibility to the supply chain, helping you take better decisions. Gartner predicts that by 2023, some of the largest logistics companies will make use of Artificial Intelligence, advanced analytics, automation, robotics, and Internet of Things to prep up their supply chain operations.
Poor visibility in supply chain transactions due to shipment delays
Information conveyed through traditional means takes a longer time to reach shipping companies, which is usually late. This delay in relay of information directly impacts your supply process which isn’t aligned to your customer requirements making it difficult to fulfil orders.
Use of real-time data techniques will provide you with on-time information. In turn, this lets you put your products on the shelf exactly when your customers want them. Some of these techniques include tools that ensure continued visibility into supply chain operations and provide analytics for transparency, among others.
Rigid supply chain makes it difficult to cater to new customers
An unwillingness to gradually move in and out of existing logistics networks can delay the shipment and increase freight costs.
You must choose your logistics mode basis urgency of cargo delivery, availability of logistics, and pricing. For instance, though sea route may be the cheapest, it may make sense to use a combination of sea and air freight to transport time-bound cargo while you still keep costs in check. Such solutions that suggest optimal routing both for intermodal and in-country will allow you to compare transport costs and take the right decision.
Loss of goods due to inefficient tracking capabilities
Most often, importers do not have visibility into the status of goods once they have left the point of origin’s ports and only receive information once it has reached the destination. Erratic weather conditions, congested ports, or other variables may derail arrival or even be a signal of loss of goods.
Technology tools including radio-frequency identification (RFID), global positioning satellite (GPS) and BLE Beacons make it easier to track shipments and deliver them on time.
Incurring higher landing cost due to inability to foresee procurement costs
Certain unforeseen events like non-availability of trucks or delays at the procurement side could lead to an increase in actual landing costs. Human errors or delays by procurement team can incur additional chargers to the logistics manager.
Choose a logistics partner with a hands-on approach, multi-modal transport facility, and extensive network that can help you to avoid such situations.
Increased demurrage charges and goods wastage due to poor accountability
At times, poor or ineffective execution on the ground level leads to disorganized cargo handling and storage.
With technology guiding each cargo shipment at every step, accountability becomes a reality and makes it imperative that ground-level workers better manage warehouses and the cargo within. Some sought after warehouse management technologies include Machine-to-Machine technology, Order Fulfillment Optimization technology and Pick-to-Light Systems.
Maersk’s Destination Supply Chain Management (DSCM) solution can be the perfect solution to address these blind spots. DSCM provides complete visibility - from the point of origin to destination; all required documentation is taken care of helping minimise D&D costs; keeps track of your goods all through the journey and has intermodal and in-country logistics in place allowing you to optimise routing and bring efficiency into your supply chain – end-to-end. To know more check Maersk’s DSCM solution here.