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The past several years have marked tremendous changes in the manufacturing industry. Organizations are working to build next-generation supply chains that incorporate highly efficient emerging technologies including robotics, AI, 3D printing, Internet of Things (IoT) and blockchain. With greater digital transformation comes the need to enhance supply chain visibility. Gartner predicts supply chain visibility “will soon be a standard business practice,” and goes on to define visibility as being “about generating timely, accurate and complete views of plans, events and data across the entire supply chain including external partners.” Gartner predicts there will be mass adoption of supply chain visibility within two to five years. Most manufacturers have not created a fully transparent supply chain yet. A recent survey indicated that 69% of organizations did not have full visibility into their supply chains, and a lack of visibility is cited as one of the top five sources of pain in the supply chain. Less than half of the senior manufacturing executives report having the visibility needed to make strategic decisions. More than one-third of those executives cite supply chain failure as a significant risk. This paper presents information to help your organization begin to evaluate your supply chain visibility and take steps to improve it for the digital future. We will examine:
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