Why do we not need to be afraid of supply chain visibility?

Why do we not need to be afraid of supply chain visibility?

Visibility is not something evil. These days, the issue of visibility is almost constantly pops up in professional conferences, in the press and in discussions among logistics professionals. The topic is simply unavoidable and will become increasingly important as...

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Digitalization of Supply Chain

Digitalization of Supply Chain

Our company hold a presentation on potentials and actual applications of blockchain technology in Bangkok at the Hungarian IT Day, an event hosted and co-organized by the Embassy of Hungary in Bangkok and the Hungarian Foreign Trade Association. In a brilliant...

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How IoT and IOTA changing the supply chain visibility

How IoT and IOTA changing the supply chain visibility

In the previous sections (Introduction, Part 1, Part 2) of our article series, we discussed the challenges facing supply chains, and we demonstrated how shared ledger technologies can help solve the problems that arise. In the next section of our series, we would like...

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The e-track supply chain (part 2)

The e-track supply chain (part 2)

With the advance of “bitcoin revolution”, blockchain has practically become a fashion word, but there are still lots of misconceptions about this technology. In recent years, many distributed ledger technologies and methods have emerged and many problems...

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The e-track supply chain (part 1)

The e-track supply chain (part 1)

The prime objective of e-track is to deliver complete visibility and digital solutions to our partners. Our available services are suitable for full-scale integration, and if each participant delivers all the information to the system, the shipments we...

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What are the challenges facing the supply chain today?

What are the challenges facing the supply chain today?

One of the main problems of the supply chains is that they do not follow the technological development with the necessary speed, they are essentially  “paper-based”, and even where digitalisation is in use, the parties involved seek to develop so-called...

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Key links of the future supply chain

Key links of the future supply chain

The Digital Supply Chain (DSC) or Digital Supply Network (DSN) is a customer-oriented platform model that can collect, process and assess real-time data from various sources. In our blog article, we demonstrate the main criteria that will characterize the supply chain...

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Future assets: automation and human resources in logistics

Future assets: automation and human resources in logistics

Logistics is one of the most complex fields of our times: it comprises a vast number of processes in the workflow – starting from the procurement of materials through the flow of information quite to the final stage of delivery. In our fast-changing environment the...

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How should we look at visibility?

Visibility is a tool, an instrument for increasing efficiency. A widespread fear is that transparency might reveal errors. But this eventuality is often misinterpreted. For instance, delays are not necessarily errors but events that occur in approximately 10% of the deliveries. If we can inform our partners of a delay well in time, they can get prepared for it. On the other hand, unexpected delays result in wasted human resources and working hours, excessive use of loading gates and warehouse capacity.

In our fast-paced world even a 5-minute delay can significantly disrupt warehouse scheduling and use of space.

Experience shows that if the delays are duly recorded, an efficiency increase of up to 20-30% can be achieved by reordering the supply chain based on this information.

Obviously, principals are looking for partners who fit into the concept of a visible supply chain and who can provide them with transparency to maximize capacity.

Is it only the principal who benefits from visibility?

Obviously not. Visibility has advantages for all partners in the supply chain, with significant customer satisfaction that stems from good information flow. Delay is not a problem if it is justifiable and can be prepared for. It is better to be aware of a problem than to be unaware of it. It is of key importance to be well-informed about the delivery at all times. Visibility is nothing to be afraid of; all we need is to learn how we can benefit from it.

If I know it will fall, I'll catch it!

In addition, visibility in the supply chain also offers opportunities. If errors come up that I can fix, then I will be able to find the cause of them far more easily in a system where everything can be traced back to its source. This will obviously offer a preventive role for the system: I know where and what I need to readjust in my organizational structure to prevent these errors from happening again.

Visibility is an inevitable development; therefore we should be prepared that it will become a minimum requirement in the very near future. It is in the interest of every actor of the supply chain to be prepared for this development at their own pace, rather than being forced to do so. By integrating transparency tools and methods into our operations and corporate culture well in time, we will not only increase our chances of getting assignments, but will also protect ourselves from hasty half-solutions.

Apparently, if we handle supply chain visibility as a door to new possibilities rather than a means of forced control, we can make a lot more advantage for ourselves. e-track solutions efficiently address these needs.