This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Suppliers Have Two Years To Close The Visibility Gap With Retailers

OXFORD, England, June 26, 2013 /PRNewswire/ --



Suppliers are the squeezed middle of the supply chain, at one end facing demand for improved service from customers and at the other lacking the timely information from logistics service providers that prevent customers imposing punitive measures for delays or mistakes.

Forty-five consumer goods supply chain and logistics professionals who attended the Beyond the Visibility Gap Workshop in the UK last month were surveyed about their views on visibility.  

For manufacturers and suppliers, visibility over the delivery-to-cash stage is crucial, firstly to satisfy the demands of the customer and secondly to recover full payment in the shortest possible time.  Suppliers need to improve cash flow by ensuring variances, errors or claims are captured and resolved before payment is due.

Errors are introduced because technology gaps in supply chain communications are bridged by people who physically have to enter data or return documents to transport offices from the road.  This impacts customer service (because staff often perform order entry, a back-office function), and accounts receivable and claims processing who need to investigate every instance rather than just the exceptions that can't be automated.

The survey highlighted increased demand for visibility with ninety percent of suppliers saying it was more important to their businesses in 2013 than in 2012.  Ninety percent also witnessed increased demand from customers for timeliness and accuracy.  

On the delivery side, only forty-three percent of logistics service providers (LSPs) were able to provide clean or unclean proof of delivery information to suppliers within twenty-four hours.  

LSPs said information supplied from their sub-contractors became corrupted or diluted; with a mere seven percent able to provide accurate data to suppliers as a result.

A summary of the survey data can be downloaded from: http://offers.omprompt.com/btvg-workshop-review-download

About OmPrompt

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs