Real-time visibility in the supply chain refers to tracking and monitoring the movement of goods/materials as they move through the various stages of the supply chain. This can be achieved through the use of various technologies such as RFID (radio-frequency identification) tags, GPS (global positioning system) tracking, and sensor-based monitoring systems.
To achieve real-time transportation visibility in the supply chain, companies typically need to invest in the necessary technologies and infrastructure, as well as establish processes and systems for collecting and analyzing data. Additionally, they may need to work closely with partners and suppliers to ensure that they are able to access the necessary data and track the movement of goods throughout the supply chain.
Traditional vs Modern Supply Chain Management
All processes that tend to turn raw materials into final commodities are typically included in supply chain management (SCM). It comprises the purposeful simplification of a company’s supply-side procedures in order to increase customer value and obtain a competitive advantage in the market.
Traditional supply chains solely pay attention to production and distribution, whereas modern (digital) supply chains pay attention to customers’ demands and work to increase the value of the goods they receive from manufacturers.
The businesses involved in the contemporary (digital) supply chain add value to the end product for the customer by improving real-time information availability in the supply chain. Contrarily, the conventional supply chain lacks such tactics to raise the value of the final product.
New-Age Technology Trends Shaping Next-Gen Supply Chains and Logistics Tracking
Modern SCM incorporates contemporary tactics and technologies while conventional SCM uses outdated techniques. Some of the major technologies used by modern SCM-
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