Supply chain visibility is a major buzzword these days—helping to drive efficient operations, better decision-making, and higher customer satisfaction. But what does it actually mean? It’s not merely having insight into your internal data but having connected data from suppliers, to manufacturers, to co-packers, to distributors, to final delivery of products readily accessible when needed.
Supply chain visibility plays a crucial role in business success but still remains out of reach for so many. A whopping 62% of companies have only limited visibility into their supply chain and just 15% have visibility into production. This lack of clarity leads to a number of challenges including lost revenue to chargebacks, fines, and fees.
In fact, 45% of organizations have NO idea how much they spend on those supply chain chargebacks, fines, and fees. It may shock you to learn that 1% of all manufacturers’ and distributors’ annual revenue goes to pay chargebacks from retailers. To put it in perspective, for a $100M/year company, that’s $1M thrown away every year—money you could be putting back into your organization.
Download The Promise of Seeing Clearly: Why Supply Chain Visibility Is So Important for Your Business to learn what full supply chain visibility with Syncrofy and IBM can do for your business and how to achieve it:
- Fill gaps in ERP/B2B visibility and proactively monitor for order and invoice discrepancies
- Reduce chargebacks (for suppliers) and late shipments (for retailers) up to 50%
- Improve customer relationships and facilitate collaboration up to 65%
- Empower data driven decisions; reduce revenue leakage by 30%
- Integrate complex B2B and EDI processes across partner communities in a single gateway
Please CLICK HERE to download the eBook.
