SPECIAL REPORT
NEXT FRONTIER IN
SUPPLY CHAIN VISIBILITY During Covid-19 crisis, one aspect that was noticeably clear was lack of visibility of companies’ Assets / People / Materials and Safety & Security of everyone. With more than two years into the pandemic, the organizations have learnt the lesson the hardest way, which has brought about a mindset change in the leadership globally. It is expected that by 2025, more than 50% of global product-centric companies will have implemented real-time visibility platforms across global value chains. Visibility is a (mixed) outcome of organizations’ process management capabilities, customer focused approach, and the key investment decisions that the management makes on a day-to-day basis. Our recently held webinar, ‘Next Frontier in Supply Chain Visibility’, proved to be a great eye opener for companies across the spectrum in realizing the potent benefits of Visibility and ways to empower processes & systems to bring about a systemic change. Ultimately, an agile supply chain is a supply chain of the future and to achieve this, supply chains must encompass the ability to achieve more in a shorter time, adopting new digital technologies and re-skilling / upskilling their workforce dynamically. This is where Visibility will have a greater role to play. Excerpts from the Webinar…
We implemented Intugine visibility solutions a while back and over a period of time, we have been able to develop a Transport Control Tower, which is now becoming a broader Logistics Control Tower. It provides visibility of inventory across a desperate set of systems and enables us to even do revenue recognition.
Pramod Gupta
Chief Financial Officer and Head – Supply Chain & IT, Arvind Fashions
Are there any clear benefits if companies have visibility into their inventories, asset management and how deeper that visibility is required from financial reporting and audit controls perspective? Visibility is the EYE of the organization. One of the fundamental questions asked by audit Committees is ‘how do you know what risks you are carrying’. You cannot
28 CELERITY March - April 2022
know your risks unless you have visibility. We are an inventory-based organization. In fact, most of the organizations in the world have large physical assets. Therefore, inventory visibility is one of the most important visibilities. Retailing aside, we are a design company and not a manufacturing company. We have either got inventory or debtors. Sometimes I even call debtors as inventories, on
