For companies, time is money. This holds true for oil and energy companies who have scheduled jobs to complete on certain dates according to extraction cycles. These cycles require alignment with specialized personnel in restricted areas; if the material does not arrive when the personnel is scheduled to work, there is nothing to do, and valuable resources and time are wasted. This scenario stresses the importance of material readiness and in transit visibility in real time because it facilitates information on when the material will be received.
End to end supply chain visibility has been a top priority for companies for years, but it's still a challenging goal to achieve. How do you define visibility? Do you want visibility or reliability? Customers want to see instantly where their products are. Change of pace has increased along with the need to make smarter decisions faster.
In today's world, technology and information are an important part of logistics. Customers continue to look for a better and faster response from their suppliers to make sure they are aware of the latest status on each of their shipments. New tools and innovations are needed to keep up as a key player in your industry.
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