Just as suppliers need visibility into our inventory levels to execute vendor managed inventory programs, we need visibility into our supply partner’s inventory, production schedule, and production capacity to permit supply chain scheduling and optimization. Demand information sharing and supplier visibility are two essential elements that build trust between supply partners and form the foundation of supplier integration. Our human nature only trusts what we can see. For some reason, we don’t trust what we can’t see. As a result, any blind spots in the supply chain become seedbeds for excess inventory buildups to cover worst case scenarios.
There are a variety of web-based tools available in the marketplace today that permit total supply chain visibility.