Supply chain visibility is the ability to track and monitor goods and relevant information about them throughout the whole supply chain. It involves having precise and up-to-date information about the location, state, and status of items as they are transported from suppliers to customers. Companies can have a clear understanding of where their items are at any given time, spot possible issues or interruptions, and take proactive measures to rectify them through supply chain visibility. This visibility enables smarter decision-making, better coordination, and increased efficiency in the supply chain, leading to improved customer service and satisfaction.
Check out the Supply Chain Management Course to learn more about the concepts of logistics and supply chain management.