List of Top 5 Best Supply Chain Visibility Software to Look for in 2023
Supply chain visibility is crucial to manage any high-performing supply chain. Why? Because tracking and tracing assets with multiple partners involved can be daunting. In order to make prompt and risk-free decisions, supply chain visibility software can come to your aid.
With real-time supply chain visibility, businesses can scale operations to greater heights, reducing costs and improving efficiency. The global Supply Chain Visibility Software market size was valued at USD 1.21 billion in 2022. It’s expected to grow at a CAGR of 26.45%, reaching 4.93 billion by 2028. – Market Growth Report.
Table of Content
What is Supply Chain Visibility Software (SCVS)?
5 KPIs That Improve Implementing Supply Chain Visibility Software
5 Best Supply Chain Visibility Software in 2023
Frequently Asked Questions
Conclusion
What is Supply Chain Visibility Software (SCVS)?
An SCVS offers a comprehensive solution that enables end-to-end visibility. Whether tracking and visibility of raw materials or the final mile delivery. The supply chain visibility software enhances visibility within the supply chain, ultimately enhancing the quality of service.
Organizations leverage supply chain visibility solutions to optimize inventory management and streamline transportation operations, resulting in exponential profitability. SCV software finds primary utility among distribution companies, procurement firms, and supply chain managers.
As the supply chain digitizes, the platforms use Application Programming Interfaces (APIs) to aggregate shipping data from all stakeholders involved in the supply chain. This includes third-party logistics providers.
This unique functionality sets supply chain visibility software apart from the general tracking capabilities found in transportation management systems (TMS). To be classified as a supply chain visibility platform, a TMS must offer advanced capabilities with APIs and cloud-based deployment options.
5 KPIs That Improve Implementing Supply Chain Visibility Software
Supply chain visibility is among the top priorities across companies worldwide. Here are some key KPIs you can help improve using a SCVS.
– Daily Performance (40%)
– Cost Reduction (35%)
– Production Service Rate (29%)
– Inventory Turn (28%)
– Production Time (27%)
5 Best Supply Chain Visibility Software in 2023
1. LogiNext Mile
Market Segment:
32% Mid-Market
48% Enterprise
Industries:
Retail and eCommerce
Courier Express and Parcel
Consumer Packaged Goods
Food and Beverage
Transportation and Logistics
Key Features:
LogiNext Mile is a last mile distribution and delivery channel optimization software that promises to enable companies to save costs by optimizing and automating delivery resource and medium management, delivery route planning, and scheduling dispatch while dynamically tracking all the on-field movements.
Deployment:
Cloud, SaaS, Web-based
Pricing Option:
Free trial available
Pros:
Get real-time updates on order status and accurate data to offer complete transparency.
The information provided by the software helps businesses make informed decisions to streamline operations.
The system is highly configurable and efficient with guidance through all the steps of implementation.
With minimal editing needed for route planning and optimization, ensure efficient streamlining of orders.
The supply chain visibility software is highly reliable and scalable.
With marketplace integrations using APIs, it offers support for multiple use cases, making it a complete package.
Cons:
Having a highly configurable system sometimes can cause difficulty in understanding the complete product.
2. Project 44
Market Segment:
32% Mid-Market
48% Enterprise
Industries:
Logistics and Supply Chain
Transportation/Trucking/Railroad
Key Features:
Project 44 offers its logistics tracking and analytics platform, supporting freight ETA, pickup and delivery tracking, container tracking, LTL and VLTL, rail tracking, automated shipping document access, and other related features. With project44, retailers, suppliers, manufacturers, 3PLs, and transportation providers are able to communicate critical data with the rest of their supply chain in an automated, real-time manner.
Deployment:
Cloud, SaaS, Web-based
Pricing Option:
No free trial. No free version.
Pros:
The use of GPS allows for accurate driver tracking.
With an ELD connection, any truck can be monitored with ease to improve fleet efficiency.
The software offers real-time updates on road conditions for future planning.
Cons:
The consistency of the software is not up to the mark.
It can improve on user-friendliness.
A dark mode version of the driver app is missing to help drivers drive at night.
3. FourKites
Market Segment:
30% Mid-Market
54% Enterprise
Industries:
Logistics and Supply Chain
Transportation/Trucking/Railroad
Key Features:
FourKites offers freight tracking and management products, supporting freight and logistics management. Their offerings include load tracking for truckload, ocean freight, and rail transport, real-time predictive ETA, proof-of-delivery and dock rating, refrigerated freight temperature tracking, etc. Tracking more than 2.5 million global shipments daily across all modes, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains.
Deployment:
Cloud, SaaS, Web-based
Pricing Option:
No free trial. No free version.
Pros:
It has a vast online community and makes it easier to collaborate with other professionals in the B2B sector.
The R&D team comes with new ideas and solutions that their customers love.
Real-time tracking of goods, carriers, and fleets helps give complete visibility of orders.
Cons:
Carrier compliance needs improvement which can sometimes cause delays in updating tracking information, and missing loads at times.
The user interface was confusing and difficult to navigate, especially when specific filters were applied.
The slow response time from technical support can sometimes lead to delays in finding the right solution.
4. Shippeo
Market Segment:
39% Mid-Market
41% Enterprise
Industries:
Transportation/Trucking/Railroad
Logistics and Supply Chain
Key Features:
Shippeo, the European leader in real-time transportation visibility for supply chains, helps major shippers and logistics service providers leverage live transportation data to deliver exceptional customer service and achieve operational excellence. The Shippeo platform provides instant access to real-time delivery tracking, automates inefficient manual processes, and offers unmatched ETA accuracy thanks to a proprietary and industry-leading algorithm developed in-house.
Deployment:
Cloud, SaaS, Web-based
Pricing Option:
No free trial. No free version.
Pros:
Get accurate information about the truck position.
Get insights on how to make improvements in the supply chain operations.
Cons:
The transport market is still not 100% ready for RTV solutions.
It’s not so easy to convince carriers to connect.
5. Oracle SCM Cloud
Market Segment:
31% Mid-Market
62% Enterprise
Industries:
Information Technology and Services
Key Features:
Oracle Supply Chain Management (SCM) & Manufacturing on Fusion Cloud enables organizations to respond quickly to changing demand, supply, and market conditions. It offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.
Deployment:
Cloud, SaaS, Web-based
Pricing Option:
No free trial. No free version.
Pros:
Strong backend system to handle huge amounts of data.
Security is top-class with the best reporting capabilities.
Integrations can be easily made.
Cons:
The user interface needs a drastic upgrade.
There are some problems with Excel-based uploads.
Extra charges for a module of integration.
FAQs on Supply Chain Visibility Software
1. Can Supply Chain Visibility software provide insights and analytics to help make data-driven supply chain decisions?
Yes, the use of Supply Chain Visibility software will offer insights and analytics to help you make key decisions to improve operations. Some of the key factors to meet business decisions include:
– Real-time Monitoring
– Performance Analytics
– Predictive Analytics
– Inventory Optimization
– Cost Analysis
– Carrier Analysis
– Reporting and Dashboards
2. Why should you adopt supply chain visibility software?
You should adopt supply chain visibility software if you are focused on at least one or three of the following for your business.
– To enhance operational efficiency
– Reduce costs
– Improve customer satisfaction
This software enables real-time monitoring and tracking of inventory, shipments, and supply chain processes, ensuring timely deliveries and reducing the risk of disruptions.
Operations managers get to make data-driven decisions based on valuable insights on analytics, optimized inventory levels, and improved supplier performance.
SCVS helps businesses to respond proactively to challenges and seize opportunities, resulting in increased competitiveness and customer trust.
3. How does supply chain visibility software help in logistics?
Supply chain visibility software plays a pivotal role in logistics by providing-
– Real-time tracking and monitoring of goods
– Streamlining operations
– Enhancing overall efficiency
It enables logistics professionals to help with the following-
– Track shipments
– Monitor inventory levels
– Optimize transportation routes
This results in reduced transit times, minimized delays, and enhanced order accuracy.
Furthermore, the software offers predictive analytics and historical data analysis to anticipate and mitigate potential disruptions, ensuring smoother logistics operations.
With better visibility, companies can respond swiftly to changing demands and market conditions, thus improving customer satisfaction, reducing costs, and ultimately bolstering the effectiveness of their logistics processes.
Conclusion
We hope the list of the top 5 best supply chain visibility software helps you find your ideal platform to run your operations. These tools will help you optimize your supply chain operations and help stay ahead of the curve. Whether it’s real-time tracking, predictive analytics, or seamless integration, LogiNext Mile can help cater to all your requirements. You can be assured of improved transparency, reduced operational costs, and enhanced customer experience.
Embrace LogiNext Mile to achieve better control and visibility in your supply chain operations.
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@LogiNext