Present-day supply chains are more complex than ever before. As a result, supply chain leaders face various challenges, including high numbers of suppliers across the world and increasingly complex production assembly lines, resulting in multiple sales models and distribution channels. They also need to deal with the disruptive impact of demand volatility caused by many day-to-day challenges and large-scale political, economic, and natural events.
Steering this level of complexity needs a specialized tool that applies a powerful set of supply chain control tower abilities to all aspects of the supply chain planning and execution. These solutions deliver an executive-level view across the entire supply chain and provide a holistic view of operational data.
This blog post will explore the concept, features, and benefits of a shipping control tower and how it can be a perfect solution for businesses to access high-performance supply chain management.
What is a Supply Chain Control Tower?
The supply chain control tower is a single-view platform that delivers real-time visibility across the entire supply chain management process. It enables you to access a detailed view of crucial supply chain stakeholders, from trading partners to logistics partners.
The real-time visibility feature of an individual action allows users to gauge the business impact of any supply chain movements, enabling them to evaluate the best strategies moving forward. The control tower also allows businesses to leverage inventory data by using a combination of demand and supply visibility tools to optimize operations throughout the complete supply chain ecosystem.
Key Benefits of Supply Chain Control Software
End-to-end, real-time visibility:
With this solution working side-by-side with you, you can establish complete visibility towards your supply chain with a control tower that retrieves data from siloed systems to provide actionable insights into potential disruptions. You can access everything you need from a single personalized dashboard to handle any uncertainty efficiently.
Predictive decision support:
Effectively predict future disruptions and improve supply chain resiliency with intelligent alerts and real-time key business insights. Analyse the upstream and downstream impacts on your customers and prioritize your response.
Fraternized information sharing:
Optimal collaboration and well-managed scenarios across the entire supply chain with the latest and modern technologies, like artificial intelligence and machine learning, can enable you to quickly respond to unwanted discrepancies and hone execution to boost your KPI performance.
How Can Control Towers Deliver End-to-End Visibility?
The recent global events, from the Pandemic to war, have provoked businesses to build a resilient global supply chain. As organizations start to reopen and excel, the day-to-day challenges faced by shippers and industry leaders are amplified by consistent demand and supply disruptions.
The need to respond quickly has been critical. To act effectively, businesses need real-time intelligence and actionable systems to help mitigate risks and disruptions.
This can be achieved by end-to-end supply chain management designed to optimize core vital supply chain functions. For instance, an efficient inventory control tower can give you crucial information about real-time situations and give you the extra edge to respond in time to avoid significant damage.
When backed by machine learning and artificial intelligence, a supply chain control tower enables a wide range of visibility across departmental siloes and disparate systems, from raw material availability to the last mile of customer delivery.
This solution provides accurate, real-time, available-to-promise inventory to deliver effective decision-making and improved performance. This aids in predicting future vulnerabilities and discrepancies and understanding the impacts on your business, enabling you to respond more accurately.
Industries that can Utilize Supply Chain Control Tower Software
Healthcare:
Hospitals lost almost 10% of inventory value due to misplaced items. Supply chain control software aids in protecting inventory investments, increasing efficiencies, and enhancing the quality of maintenance by ensuring you have the vital lifesaving equipment and other medical supplies you need at the right time and place.
Manufacturing:
One of the key industries in the supply chain is manufacturing. A lot of money goes into the making of every product. Without accurate forecasting and planning, you end up with an inconsistent inventory and miss out on sales opportunities. Supply management software gives you the right number of accurate predictions for optimal future sales strategy.
Grocery:
With efficient inventory management software by your side, you can manage overwhelming demand and ensure the availability of goods by monitoring and meeting a consistently increasing range of potential disruptions. Keep your shelves stocked with just the right amount of inventory.
Industrial:
Meet all the service level agreements while optimizing the amount of inventory you hold. Get complete visibility into service parts by SKU and other systems to help ensure essential products are in stock to meet customer demand.
Transform your Business and Access End-to-End Supply Chain Management with TransImpact
Supply chain control towers are rapidly changing how supply chain networks are managed and how they influence strategic business outcomes. In today’s age, a control tower is vital for companies to move towards streamlined and efficiently orchestrated supply chain optimization. TransImpact’s supply chain management software delivers complete visibility into your supply chain processing, enabling you to access improved decision-making and increased profits. To explore more about our solutions, book a demo or talk to our Expert.
