Supply chain risk is pervasive and far-reaching. To address vulnerabilities and reduce risk, organizations need to extend beyond silos and stovepipes. Effectively managing the myriad interactions and linkages that comes into play within a complex, extended supply chain is a challenge that requires Financial Accountability; End-to-End Visibility; and Systemic Security.
Visibility is essential if Government agencies are to secure their supply chains, optimize inventories, and overall strengthen order management. They must be able to see where inventories are being moved to/from and held, and have the ability to analyze those inventory locations and other specifics with precision. The movement of inventory may create risks such as theft, ‘doctoring’ of product or simply having the wrong inventory in the wrong place at the wrong time – even losing control of sensitive materials. Likewise, in effort to protect the inventory delivery without analysis, the tendency is to carry excessive inventory and hold onto it beyond the point of obsolescence. However, when managers not only can track the exact location, quantity and specifications of materials throughout the extended supply chain, but also have full visibility via research of the extended supply chain, technology such as satellite tracking, RFID, and other viewing capabilities, they have full control over them and can make proactive decisions that optimize supply chain results.
End-to-End Visibility