Ask a manufacturer to identify their biggest supply chain challenge and you'll more than likely hear the word visibility. But to achieve greater visibility, organizations will need to improve the integration of their supply chain.
Forty percent of respondents admit they lack visibility across their extended supply chain, with 33 percent saying it was due to either inadequate IT systems or a lack of skills. However, a majority of respondents think that they could achieve a globally integrated supply chain within the next three to five years. More than three quarters say that their relationship with top tier suppliers is now strong enough for them to share real-time capacity and demand data.
"You simply can't build the type of relationship you need to share real-time data without trust."
Osamu Matsushita, KPMG Industrial Manufacturing Leader for Japan