Supply chain visibility (SCV) software provides end-to-end tracking of raw materials, parts, and finished goods from manufacturing to the last mile. This software enhances transparency in complex supply chain networks, improving the quality of the products and services delivered.
Companies use SCV solutions to visualize inventory levels and optimize transportation activities, which translates to increased profitability. It is mainly used by distribution companies, procurement professionals, and supply chain managers.
SCV platforms utilize APIs to consolidate shipping data from all stakeholders across the supply chain, including third-party logistics providers. This capability is a key differentiator from the basic tracking features typically found in transportation management systems (TMS). For a TMS to qualify as an SCV platform, it must take the extra step to offer an enhanced system with API integration and cloud-based deployment options.
Visibility platforms are distinct from other types of software that provide shipment visibility. They have advanced features like machine learning (ML), risk analysis, carrier performance evaluation, reporting to avoid detention and fees, and geofencing.
In addition, SCV software can be part of a control tower through integrations with inventory management software, supply chain planning software, and sales & ops planning software to help reallocate products in transit when there are changes in consumer demand, sales targets, or inventory levels.
To qualify for inclusion in the Supply Chain Visibility (SCV) category, a product must:
Provide ETAs and track products at various stages such as shipping, in-transit, or delivery
Improve product fulfillment and reduce lead times
Offer tools to enhance product utilization for inventory reallocation
Monitor supplier and carrier performance
Provide reporting around detention and fees
Identify and address distribution risks
Apply predictive analytics and machine learning (ML) to identify potential disruptions and adjust transportation models accordingly
Analyze the efficiency of supply chain activities
