To reduce inventories, optimize networks, and mitigate risk, global supply chain teams need near real-time visibility into the status of orders and shipments. With today's international shipments costing twice as much, taking five times as long and having five times more variability than a domestic shipment, global supply chain visibility is an imperative (source: Aberdeen Research).
However, supply chain visibility is complicated by today's global trading systems, which have different infrastructures, data definitions, and message formats.
It can be difficult to receive and interpret status updates from numerous carriers, brokers, and freight forwarders to gain a comprehensive picture and assess performance and bottlenecks. Without this big picture, it becomes nearly impossible to implement cost-saving strategies, such as just-in-time inventory replenishment.
When delivery windows are tight, even minor missteps and miscalculations can have major cost and service level consequences.