With the rise of online shopping, inventory visibility issues have become increasingly prevalent. The additional steps and expediency demands of this now-preferred process can make tracking an item even more complicated. This often results in invisible inventory, where materials or products are unaccounted for in the system.
To address these issues, many companies are turning to supply chain visibility (SCV) technologies to remain competitive. These advanced systems provide real-time tracking, monitoring, and notification of each item in the supply chain. By utilizing responsive supply chains, a company can increase transparency within its inbound/outbound processes and other daily activities.
By using modern technology to improve inventory visibility, businesses can stay ahead of the competition and provide better customer satisfaction.