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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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