“Supply chain systems globally are feeling all kinds of pressure with everything from constrained transportation systems, labor workforce challenges and supplier material shortages"
ATLANTA (PRWEB) May 17, 2021
Rebus® built by Longbow, a leading provider of warehouse visibility solutions that redefine and integrate supply chain and labor operations to drive efficiencies and reduce operational costs, announced today results of a recent industry survey that illustrate where continued inefficiencies are taking place within the warehouse.
The company commissioned an online survey and presented it to approximately 2,500 supply chain and warehouse executives during March. The survey revealed that more than half of executives polled are seeing between a 5% - 10% increase in efficiency from their warehouse visibility technologies; another quarter said they’re seeing between a 10% - 15% increase.
Slightly less than half said they’re experiencing a 5% - 10% in operational cost savings as a result of warehouse visibility technologies that were implemented; and another third said they’re seeing a 10% - 15% increase in operational savings.
Most supply chains today still have some components/areas that are not connected and the data used is bounded, which hinders the ability of all business involved to understand all the operations completely. To stay competitive, modern supply chain managing experts are focusing on better visibility and use of data inside the warehouse, the central point of operations for each supply chain. Companies are now turning to warehouse visibility insights that provide warehouse operators with the insights they need to turn analytics data into real-time, actionable processes.
Nearly 70% of organizations said they need better visibility into their procurement functions of their warehouse, followed by production and labor (65%), and fulfillment (37%).
Over the next 12-24 months, most businesses (72%) said they will be focused on aligning traditional supply chain strategies with digital and analytics solutions. Sixty-four percent said they’ll be focused on defining an advanced supply chain systems strategy. Another 34% said their focus will be on executions and refinement of newly installed systems and solutions.
“Supply chain systems globally are feeling all kinds of pressure with everything from constrained transportation systems, labor workforce challenges and supplier material shortages,” said Alex Wakefield, CEO of Longbow Advantage. “What this survey tells us is that thousands of supply chain executives realize that the warehouse is central to the entire supply chain operation, and they need better visibility into what their data is telling them so they can make faster decisions in real-time.”
Half of all companies polled said they plan to implement warehouse visibility technologies over the next 12 months. A third of those companies polled said they will be considering the implementation of such systems.
About Longbow Advantage
Longbow Advantage provides high-quality supply chain software implementations and develops the only data services platform designed and developed by IT and supply chain experts, Rebus®. With Rebus® as a robust supply chain visibility platform, Longbow can provide their customers with an unforgettable experience that changes the landscape of how they run their supply chain operations. Longbow provides customers with a deep layer of insight into the most complex distribution network's real-time workings and consolidates legacy processes with Rebus®.