The Benefits of Supply Chain Tracking in 2023 & Beyond
As a result, many organizational leaders found themselves helpless to their processes due to a lack of visibility within their operation and have since turned to supply chain tracking. Supply chain tracking can minimize risk from external factors and optimize your supply chain in general, making it a considerable asset in any industry.
Supply Chain Tracking Looks Different for Everyone
Having a real-time view of supply chain tracking helps companies predict when things are slowing down or speeding up, as well as maintain quality control by reporting damages en route. No matter the particular supply chain impact in your industry, IIoT monitoring helps maintain two processes: incoming goods and outgoing goods. For example-
Retail: Food suppliers sending goods to warehouses and supermarkets can ensure quality control through transport and up until the recipient accepts them.
Manufacturing: Die Tracking technology can begin once the goods leave the supplier, providing real-time location and condition updates until they reach you. Alternatively, goods shipped from your warehouse to a distribution center or reseller can be tracked until they arrive safely at their destination.
Every industry has vital timelines to maintain so the goods can be sold, the construction can continue, and the services rendered. Supply chain tracking makes ensuring those timelines possible.
How To Track Your Supply Chain
- Generates visibility for transportation jobs and displays a predicted arrival time using real-time location tracking.
- Provides notification of delays immediately, allowing for quicker planning and problem resolution.
- Monitors the condition of goods being transported and reports any potential damage to ensure quality control.
- Depicts all information on a dashboard, providing complete visibility into the status of your products or goods at a single glance.
Why Is It Important to Monitor the Supply Chain?
1. Inventory Management
Predictability in monitoring may look like expecting a holiday coming up or detecting an anomaly in other parts of the supply chain. In this case, your dashboard may suggest shipping earlier by two days to maintain delivery times.
2. Reduce Costs
The cost of shipping rose 22% last year, so while time has always been money, now it’s 22% more money. Not to mention, shipment delays can mean your goods are worth less upon arrival than when you shipped them out. When you can forecast anomalies in the supply chain, it’s easier to avoid your shipments sitting in transit for longer than anticipated. If there’s a delay, you’re better prepared to work around it.
3. Loss or Damage Prevention
4. Manage External Disruptions
While no one could’ve predicted COVID-19, its impact on the supply chain was notable from the beginning. As the supply chain still hasn’t fully recovered, it’s easy to see how important it is to identify these anomalies early and make adjustments immediately. From weather conditions to the standstill at the Suez Canal, major disruptions are a constant threat to the processes we all depend on. Supply chain tracking helps account for these disruptions and enables you to adjust as needed to meet them.
5. Provide Exceptional Customer Service
Supply Chain Tracking with INTRANAV, an Inpixion Company
For more information on how IIoT supply chain tracking can improve your operations, contact Inpixon today.