Monday, February 11, 2019
Essay --
cede compass visibility, a term that like two sides of coin brings with it potential for tremendously change fork over chain performance on one side and a level of vagueness & uncertainty on other side. The concept of supply chain visibility in late 1990s and is sleek over new to many organizations. Art Mesher, then an analyst at Gartner gave the concept of The 3Vs of supply chain. The 3 Vs of supply chain stands for velocity, variance and visibility. Corporates and companies have worked upon the velocity and variability of supply chain but still have very little understanding of visibility. visibility not just means on-shelf broth but also means inventory piled up at all levels of supply chain including in transit inventory and inventory piled up across companys network. Visibility allows have-to doe with people in supply chain to forecast problems before they happen and taken necessary steps to avoid expense in the square time. Two drivers of this savings through visib ility come from PO lifecycle and ASN (Advanced Shipped Notice, Inventory) accuracy. build Source Supply Chain Digest Letter, April 2012Supply Chain Visibility Vectors A case of corporate trust FreshVisibility vectors are basically the factors that affect the visibility of products and services across various layers of organizations network. We will take the case of Reliance fresh stores as cause for better understanding of supply chain vectors. There can be seven major vectors which are as follows-(a)Demand circumspection(b)Supply Management(c)International Sourcing(d) Domestic Sourcing (e)Inventory(f)Distribution and Logistics(g)Risk ManagementDemand ManagementProper submit management with proper demand forecasting based on ... ...here are different logistics associates even within the same cities. It makes difficult to estimate the in transit inventory. There is no sharing of data between logistics partners which makes demand and supply estimation more than difficult.Earlier Reliance had a consecrate Reliance Logistics as their logistics partner but it could not survive for long. There should be uniform dedicated logistics partner at least on city level as it will increase the response time and information can substantially be shared about the demand and supply.Risk Management continuous review of assay management and mitigation plan both at strategic and tactical level should be done depending upon the degree of risk involved in the business and the nature of the product. Based on the supra mentioned secondary research, the following supply chain visibility matrix for Reliance Fresh has been suggested.
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