As a technology once known only as the underlying ledger system for the digital currency, Bitcoin, Blockchain has emerged to have even greater potential for both private and public organizations well beyond its financial roots.
In reality, the ideal, centrally-managed hub solution doesn’t appear overnight. Instead, the real world picture is that most businesses already have several disparate components comprising their supply chain strategy, along with large sets of data that move through these Information Technology (IT) systems on a daily basis. As a result, in order to move towards the goal of a centrally-managed hub-based approach, the solution is often implemented in phases.
Ever wonder how a heavy loaded wheel would be able to function without the connecting spokes to the hub? You probably wouldn’t get too far. Think of the spokes as a variety of global supply chains that fall under one organization (the hub).
The focus this week is to discuss how better visibility can help organizations improve performance and cut costs in their supply chain. In this blog, we’ll elaborate on the importance of visibility in the supply chain and major pain points for organizations.