How Can Retailers Achieve an Agile Supply Chain Through End-to-End Visibility?
Experts say there is more than enough toilet paper and food in the U.S. for everyone. Other company leaders warn that critical supply chains reach the point of breaking
Recently, the chairman of Tyson Foods penned a letter claiming that “the food supply chain is breaking.” The closure of Tyson’s pork, beef and chicken plants causes millions of pounds of meat to vanish from the supply chain — causing potential food shortages.
The major struggle for supply chain companies right now isn’t finding the products they need, but re-routing them to be sent to the necessary depots and locations for consumer purchasing. The supply chain journey of products originally destined for commercial distribution, such as dormitory toilet paper rolls, food products, industrial sanitary products, and more must now be re-routed to consumer-facing retailers and grocery stores. This requires more than a quick phone call to a new distributor or supplier, and new trading partners must be onboarded quickly to meet surging consumer demands.
Understanding the relationship between your business and trading partners is key to achieving end-to-end visibility. And end-to-end visibility helps you maintain control over your supply chain. Further, companies should have a firm grasp on the impact to the end customer and work backwards from there.
Business leaders and IT professionals who aren’t sure where to start with automating integration processes should consult an integration solutions provider and perform a gap analysis to pinpoint various chokepoints and focus on areas that are critical to their business. An ecosystem integration platform can make the onboarding process virtually instantaneous and deliver the end-to-end visibility many retailers lack today.
End-to-end visibility throughout the supply chain isn’t simply a luxury; in times like these it is critical and fundamental for success — or else stores (and other supply chain players) will remain shuttered for longer than they would like. Without that visibility, companies in retail, manufacturing, wholesale and logistics are putting critical business processes at risk.
Typically, retailers can gain significant reduction in costs and improvements in team and supply chain efficiency by consolidating the integrations that power their supply chains. Not only do these retailers optimize user experience, but also gain end-to-end visibility when all their data flows through one system – enabling an agile supply chain to meet shifting consumer and industrial demands.
Tushar Patel is chief marketing officer of Cleo.