How confident are you in the current data transparency of your supply chain? Data transparency is essential if you want to establish trust with your customers. Businesses rely on real-time data to track inventory, shipments, and other important information. As a business owner, you need that same data transparency from your 3PL provider to address complex supply chain issues with efficient solutions. Experior offers innovative solutions that incorporate modern technologies and years of logistics expertise. Learn about data transparency’s role in logistics to empower your decision-making efforts.
Making Smarter Decisions
When stakeholders can access real-time supply chain visibility, making important decisions is no longer guesswork. For example, a logistics manager may see that a storm will delay a shipment heading to a certain destination. The manager can use that real-time information to reroute the shipment and potentially avoid a delay.
Data transparency also helps stakeholders make vital decisions about inventory. For instance, a clear, up-to-the-moment view of stock levels will help you avoid stockouts or overstock issues. Since both types of problems are wasteful, data transparency in inventory management helps control costs. Additionally, sufficient stock will keep your customers satisfied. Inventory management programs can even help track product performance over time. If you want to keep your inventory relevant, you can see when products lose or gain popularity.
Building Trust
To build trust with your customers, you need a trustworthy 3PL. You count on your 3PL to deliver damage-free goods on time and at the right cost. Data transparency is an important part of meeting those requirements. If you have access to real-time information, you can see if there are problems like carrier delays or data inconsistencies. This gives you the knowledge you need to manage your own operations confidently. Experior’s technologies equip you with that knowledge.
Transparent billing is also important. You don’t have to worry about surprises when you can clearly see an outline of costs. Knowing what to expect also helps you plan your own costs. Financial transparency is especially important for maintaining long-term business relationships.
Maximizing the Benefits of Technology
Real-time tracking, blockchain, and other technologies have improved data transparency for logistics providers such as Experior. Some technologies can track shipments and automatically send alerts. They also provide alerts that 3PLs can share with you. For example, you may receive an alert about temperature changes in a refrigerated truck delivering your inventory to a customer. In such a case, it’s essential to know if there may be a risk of spoilage.
Some companies are researching the ledger protection that blockchain technology offers to improve data transparency. This can potentially improve traceability across the supply chain and reduce the risk of tampering. Each block in the chain has a cryptographic hash of the last block. Alteration requires whole-network consensus, which makes tampering nearly impossible.
Using the right technologies can improve the analysis of large data sets. Technologies can optimize routes, reduce delays, and much more. When 3PLs like Experior offer these technologies, you have more confidence in making important decisions for your business.
Managing Compliance
There are many global supply chain risks, some of which relate to compliance. For example, delays may occur because of customs issues or other problems. Transparent data sharing reveals potential risks and provides opportunities to address them. For instance, real-time data for the customs clearance process can help your 3PL deal with an issue immediately. Doing that may prevent delays that could otherwise cost your business money or important customers.
In certain industries, compliance is a major concern. For example, there are stringent federal and state rules about transporting and storing foods or pharmaceuticals. You must have confidence that your 3PL complies with all applicable regulations to avoid costly problems. Experior prioritizes compliance to help protect our reputation and yours.
Experior’s Data Transparency Commitment
Experior is serious about using data transparency to maintain trust and your company’s good name. We understand how critical transparency is at every step of a logistics journey. We demonstrate our commitment to data transparency with good communication, clear billing, and real-time visibility into product movement. We strive to improve operational efficiency and continuously improve our data transparency benefits. Our goal is to help clients meet the demands of changing markets in a competitive world. To discover how our logistics strategies can elevate your business, contact us today.