Supply Chain Visibility Roadmap
Ranjan Arora
HCL Technologies
July 2012www.hcl.com
Achieving Supply Change Visibility excellence has become a major concern for supply chain leaders. To address the above-mentioned challenges organizations need a dynamic and robust SCV framework that can enable quick response to change as well as improve and strengthen the organizational supply chain by making data readily available to all stakeholders, including the customer.
An SCV framework can add value through the addition of standardized supply chain metrics, increased continuity in definitions and terminology across the supply chain, and is helping industries increase their ROI leveraging existing investments in the currently deployed IT environment. The SCV framework developed by HCL can enable organizations achieve supply chain resiliency and the below mentioned benefits:
- Synchronize the details of promotional events to alleviate out-of-stock and excess inventory situations
- Co-ordinate demand planning between retailers and suppliers to increase forecast visibility; improve forecast accuracy results; and the overall trading relationships; and
- Carefully plan prior to release and close monitoring of sales results, to have higher supply chain responsiveness, increased sales, and reduced inventory