Switch to Accountability Rather than Deniability

Let us debunk the myth of difficulty in being a transparent, clean and ethical supply chain. The pretence that it is unrealistic to maintain a clean supply chain is blasphemy. As a supply chain executive, you are given a choice to switch to accountability or continue with deniability. If there is a conflict between business values and practices than forget getting peace of mind. Trading your morals for marginal benefits will definitely have a grave impact on your long-term goals. And a healthy and transparent supply chain is going to set the cash registers ringing.

However, in the majority of companies, the supply chain is usually ignored till the dirt surfaces. It is a blunt reality that monetary imperatives often win out over ethical responsibilities. As far as the problems are concerned, technology can salvage the supply chain.

So far we have witnessed how technology has brought transparency in all spheres of our life. Computerization automatically led to transparency in every sector including retail as well. With the advent of new technologies, visibility and tracking of inventory have become a reality.

Visibility and tracking in real-time are core concerns of inventory management. So being adaptive to technology can certainly prosper the thought of having ethical and transparent supply chain. The reason being the margin of errors gets narrowed down.

Nevertheless, the big firms have a really complex supply chain network involving many suppliers. The sheer size is huge and difficult to manage manually by ‘old pen and paper technique’ or by making thousands of excel sheets. The amount of data requires real-time and speedier actions to track inventory and manage it in better and transparent way. In recent times, predictive analytics offers the convenience of tracking your inventory in real-time and on a regular basis. Retigence's StockWise provides you the solution to stock wisely. So be accountable for your supply chain.