BuyCo Supply Chain Visibility Software

Supply chain visibility is important for many reasons. It improves workflows as well as boosts profits. Some of the key benefits are:

• Better decision-making abilities

Knowing where your goods are and when they are due to reach the next point in your supply chain lets you make informed decisions. In terms of inventory management, it lets you know when to place fulfillment orders. Similarly, logistics managers can schedule pick-ups from ports and warehouses according to the estimated ETA.

• Better customer service

Visibility over the movement of your goods lets you assess and share reliable delivery timelines with minimal risk of delays. Businesses can also share tracking information to keep customers informed of their order status.

• Efficient use of resources

With visibility comes control over the shipping operation and the ability to minimize unnecessary expenses. For example, in the case of multi-modal transportation the ability to schedule port pickups accurately reduces the risk of having to pay detention and demurrage charges.

There are numerous options available for supply chain visibility software. When it comes to maritime supply chains, BuyCo is your best option. The platform is connected to 97% of all shipping carriers and offers end-to-end visibility over the container lifecycle. It aids in shipment planning, route selection, documentation, tracking, KPI analysis and more.

When it comes to maritime shipping operations, supply chain visibility software like BuyCo helps you select the best routing options based on availability and your search parameters, and it gives you constant visibility over the movement of your goods and lets you take control if exceptions occur. The ability to adapt original transportation plans based on real-time events minimizes the risk of delays and helps maintain planned delivery schedules. This is reflected in higher customer satisfaction ratings. 

It also helps control costs by helping you make the most use of available allocations and measuring contracts and the costs associated. The analysis of performance against various KPIs makes it easy to find opportunities to increase profits and improves negotiation power.

Supply Chain Visibility Software offers insights into the costs associated with the overall shipping operation. It allows businesses to track and measure spending so as to find ways to increase margins. 

At the time of shipment planning, you can compare costs and routes from multiple shippers as well as available allocations to choose the most cost-efficient solutions. The ability to track allocation usage helps businesses make the most of their contracts. Carrier and forwarder performance in terms of on-time and delayed deliveries can also be used to negotiate better rates.

Once the goods are in transit, visibility over their location helps plan the next stage of operations. This helps minimize extra charges such as detention and demurrage costs.

Visibility over the movement of goods across your supply chain also plays a role in evaluating the performance of your team, carriers and forwarders. It offers a detailed look at the movement of your goods and helps identify opportunities for improvement. For example, you may find a manual process that can be automated to save time. This increases productivity and makes your team more efficient.

Similarly, carrier and forwarder performance can be assessed to identify the most reliable performers.

Often cargo is held up at ports and customs because of improper documentation. A supply chain visibility platform like BuyCo also facilitates the centralized exchange of documents amongst all supply chain partners. This ensures that you can access the relevant documents as required. Along with visibility over container movement, you can assess the document’s requirement at each stage. In addition, you can view the history of all operations and participation of involved collaborators. This helps streamline processes for the future and aids in performance evaluation.