You Have A Diverse Supply Chain. How Do You Manage It?

Supply chain diversity is a growing strategy that is being utilised by companies globally in order to broaden their resources and supplier choice. Supply chain diversity refers to the manufacturing strategy that is used by various industries, whereby they source raw materials, products and assets from various locations and suppliers. The aim of this is to ensure operational efficiency and the supply chain can still flow even if interruptions occur.

In having a diverse supply chain, companies must ensure that they manage their supply chain effectively in order to reduce challenges and inefficiencies experienced. Innovative solutions such as asset trackers and fleet management solutions can help improve operational efficiency. In turn, supply chain visibility solutions can ensure diverse supply chains are efficiently managed.

A diverse supply chain offers many benefits to the companies that utilise this strategy. A diverse supply chain allows companies to reduce unnecessary expenditure, and therefore allocate further funds to other areas of business. Leaders in technology from around the world have been able to successfully manage their extensive supply chain through effective digitalisation and automation for example through supply chain visibility solutions.

At Adapt Ideations we offer a range of innovative solutions to simplify your everyday asset management functions. Adapt Ideations understands the need for greater supply chain visibility. Our IoT enabled asset tracker KELVIN Pro monitors location, temperature, light and shock exposure in near real-time and sends alerts back if deviations occur from set parameters. This enables businesses to monitor their cargo and take necessary action when required. The product’s geo-fencing capabilities also enable clients to set location parameters thereby ensuring they are notified of deviations if they occur.

A diverse supply chain can quickly become complicated and slow down operational efficiency greatly. A report released by Brain and Company based on a survey conducted on 162 senior executives found that only 15 per cent have full insight into their supply chain and only a further 7 per cent track and monitor the performance of their supply chain activities. A mismanaged supply chain can result in a lack of effective communication between businesses and clients, lost assets and unnecessary costs.

Adapt Ideations’ digital fleet management solution DRIVE assists companies in simplifying their diverse supply chain. The near real-time data gathered from DRIVE, enables the logistics industry to consistently monitor the location, distance and engine time of their vehicle fleets. The fleet management solution is also fitted with accelerator sensors that detects when violations occur. The deviations are met with near real-time alerts which enables businesses to take necessary action. Consistent and reliable monitoring of fleet activity is key for achieving greater operational efficiency.

Get in touch with us today at enquiries@adaptideations.com to find out how you can enhance your supply chain.