Aberdeen Group’s new research reveals 63 % of 149 companies with predominant global supply chains have ranked Supply Chain Visibility as a high priority for improvement. The top 20% best-in-class companies claim to be compliant to GS1 Standards and track supply chain visibility at the item level.
The “Supply Chain Visibility: A Critical Strategy to Optimize Cost and Service ” research study by Bob Heaney, Senior Analyst, at Aberdeen Group details how increasing visibility is a critical strategy for enterprises - aimed at reducing costs and improving operational performance in the context of their increasingly complex and multi-tiered global supply-demand networks. Aberdeen reports an unprecedented increase in the use of Logistics Service Providers as supply chains become more globally connected. “At their core, supply chain visibility solutions aim to improve an organizations' ability to connect transport and logistics activities, and put universal standards - like GS1 enabling technology - to their most productive use,” states Bob Heaney.