INDUSTRY SURVEY SHOWS COMPANIES PLANNING TO INVEST IN SUPPLY CHAIN VISIBILITY TECHNOLOGY IN 2023
MONTREAL, QUEBEC, CANADA (February 21, 2023) – Longbow Benefit, the industry-leading provide chain execution firm behind The Rebus® Platform and the worldwide chief in warehouse software program and consulting, introduced at present outcomes from an {industry} survey it commissioned to raised perceive how corporations are at present utilizing provide chain visibility know-how and the explanations for corporations eager to undertake extra provide chain visibility applied sciences in 2023.
Longbow Benefit offered an internet survey to greater than 2,500 C-suite executives this previous December, the place almost 60% of respondents mentioned they plan to spend money on provide chain visibility applied sciences in 2023. Of that 60%, 51% mentioned the primary causes for eager to undertake extra provide chain visibility know-how this 12 months are to extend better labor administration performance, fulfill buyer necessities and higher combine with different channel companions/distributors.
Greater than half of respondents already leveraging know-how options to deal with varied warehouse operations corresponding to distribution (66%), productiveness (61%), process administration (67%), inbound/outbound shipments (62%), consumer billing (62%), payments of lading (63%), labor efficiency (51%), and labor planning (53%). Nevertheless, 56% are nonetheless trying to undertake provide chain visibility applied sciences to know pay-for-performance compensation, with over 47% eager to spend money on Digital Invoice of Lading know-how.
On account of already implementing provide chain visibility applied sciences, most C-suite executives (40%) mentioned they’ve seen a 20-25% enhance in manufacturing effectivity, thus displaying the necessity throughout a number of operations, particularly contemplating many corporations nonetheless solely leverage human labor.
“With inflation and labor shortages persevering with to have an effect on many corporations throughout a number of industries, it’s not shocking to see that labor administration and labor planning applied sciences stand out amongst the highest warehouse administration capabilities wanted to spice up provide chain visibility this 12 months,” mentioned Leigh Chesley, Chief Buyer Officer at Longbow Benefit. “Corporations already seeing a big enhance in manufacturing effectivity by way of our survey outcomes ought to function a baseline for figuring out how provide chain visibility applied sciences may help different corporations instantly.”
To be taught extra about this provide chain visibility survey, please go to www.longbowadvantage.com/en-us/infographics/2023-supply-chain-visibility-survey/.
About Longbow Benefit
Longbow Benefit is an end-to-end warehousing technique firm that leverages real-time knowledge to handle folks, processes, and warehouses by way of The Rebus® Platform and WMS consulting providers purpose-built to increase and improve warehouse applied sciences. Longbow takes a holistic method to warehousing technique, understanding that know-how is just one piece within the resolution course of. Their warehouse specialists work with prospects to know challenges and targets, growing a suggestion that’s aligned to the client’s enterprise targets and provide chain initiatives.
https://www.longbowadvantage.com/en-us/infographics/2023-supply-chain-visibility-survey/
