The Link Between Supply Chain Visibility, Big Data, and Sherlock Holmes

  • Written by admin
  • Sept. 18, 2017

    In Sir Arthur Conan Doyle’s 1892 short story, The Adventure of the Copper Beeches, Sherlock Holmes remarked that the “smiling and beautiful countryside” offered just as much peril as the vilest alleys of London. His logic was that with fewer people nearby to see, crimes would often go unnoticed—crimes that would be obvious in dense, urban environments.

    Consider how that logic applies to the modern supply chain. Supply chain “crimes” (here meaning inefficiencies, wasted spend, and liability) will frequently go unnoticed without a system for watching, managing, and tracking the data of each touchpoint. Holmes never had supply chain optimization in mind, but in truth, his deduction is just as relevant to the state of modern supply chain logistics as it was to Victorian-era London: It’s what executives don’t know about their supply chains that will put them out of business.

    Supply Chain Visibility – It’s Elementary

    Without a way to view the supply chain from end-to-end and reconcile its vast data with operational improvements, inefficiencies and expenses will compound in the background and prevent supply chains from achieving their maximal levels of competitive advantage. And in an interconnected world of global supply chains with dozens of touchpoints to account for, competitive advantage is powered by data. Research conducted on mitigating supply chain risk, published in the International Journal of Physical Distribution & Logistics Management spoke to the need for data collection and information sharing when supporting supply chain visibility:

    Throughout the supply chain, key operational metrics and status reports such as inventory, demand, forecasts, production and shipment plans, work in progress, yields, capacities, backlogs, etc., should be accessible easily by key members of the supply chain.

    With operational data playing a key role in supply chain visibility, businesses must have a reliable system for tracking each of these metrics.

    Exploring ChronosCloud

    Enter ChronosCloud, an innovative new strategy for achieving supply chain visibility. ChronosCloud is a supply chain management platform that combines data from ERPs, databases, online sources, edge devices and Internet-of-Things (IoT) sensors to give operators a 360 degree view of supply chain performance.

    Systems such as ChronosCloud eliminate the unpredictability of the supply chain by laying out each touchpoint in a linear and easy to understand way. Beyond visibility, ChronosCloud’s value comes from its ability to bring all of a supply chain’s multiparty data together into the cloud and normalize it so it can be analyzed in a single, end-to-end interface. ChronosCloud forms a bridge between the supply chain, vendor data, and cloud connectivity. And without this bridge connecting these three vital components of supply chain optimization, operators will struggle to unlock the full value of their supply chains.

    Sherlock Holmes once famously stated that when the impossible is eliminated, the only options left, however improbable, must be the truth. But when it comes to supply chain visibility, solutions like ChronosCloud remove the mystery and provide a clear view of what’s possible, what’s impossible, and what steps users need to take to boost the value of their supply chains.

    Schedule a Consultation

    Does your business have the tools it needs to uncover the mysteries of your supply chain and bridge the gap between your vendors and your data?

    See how you can benefit from an end-to-end cloud based platform for multi-party supply chain visibility across companies and time zones.

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