Supply chain visibility is the ability of parts, components, or products in transit to be tracked from the manufacturer to their final destination. The goal of Supply chain visibility is to improve and strengthen the supply chain by making data readily available to all stakeholders, including the customer.
Global logistics visibility improves the connectivity, interoperability and visibility of events across facilities, multiple transportation modes, trading partners, suppliers, customers, and logistics service providers. This technology enables companies to monitor international logistics events across an entire multileg shipment itinerary to detect event-driven problems early enough to notify recipients of problems and minimize possible threats.
Leading asset tracking market companies provide solutions based on technology integration including M2M/IoT and location technologies (GPS, RFID, and others) with value-added software and supply chain visibility as a service option. For example, Sensitech provides supply chain visibility by way of a portfolio of products and services. The company provides the ability to both track and trace assets, which is a key solution for many supply chain use cases such as determining care of custody and related responsibility for handling and condition of goods and proper delivery of services.
Applications with visibility capabilities are maturing, despite challenges caused by recurring issues with data quality. Also, connecting to carriers and other constituencies — such as suppliers, forwarders, brokers, and third-party logistics(3PL) companies — while still difficult, is getting easier as visibility platforms offer better multichannel integration. Capturing movement information beyond large constituencies that are typically enabled via electronic data interchange (EDI) remains problematic because of the lack of a single unified logistics grid. EDI continues to be the dominant way for companies to connect with trading partners. Lately, such applications also offer mobile device integration that allows the capture of geographical and/or conditional information in real-time for increased end-to-end visibility.
It is advised that the Midsize to large international shippers (those with 1,000 or more containers per year) in dynamic international logistics environments will benefit from improved visibility. Early adopters of stand-alone solutions should consider on-demand global logistics visibility solutions, where upfront costs are minimized. Transportation management system (TMS) users should first consider the visibility solutions offered by their providers, only considering stand-alone solutions when their TMS vendors lack a visibility offering or when their offerings are inadequate. Users looking for true end-to-end visibility across locations, processes, and data types should look for generic tools that can support this breadth of use.
The value of visibility increases when it is integrated with other applications, such as TMS, warehouse management system (WMS), supply chain planning and ERP, where problems can be identified, diagnosed and resolved in a single environment. However, true end-to-end visibility that spans transportation, inventory, orders, multiple modes of transport (such as land and ocean) or multiple functions (such as transportation and trade compliance) is less mature and often requires that multiple applications be stitched together or, at the very least, disparate data sources are pulled into one visibility application.
Circle S.p.A. (“Circle”), company headed by the homonymous group, specialized in the analysis and development of automation and digitalization solutions for the port sectors and intermodal logistics, listed on the AIM Italia market, organized and managed by Borsa Italiana, announces the inclusion of the Milos® GSCV (Global Supply Chain Visibility) into the Supply Chain Operational Visibility Vendor Guide by Gartner Inc.
Gartner Inc, the world’s leading consultancy and research company and member of the S&P 500, provides crucial guidance for companies and stakeholders for global investment and growth activities. In November 2019 Gartner published the Operational Visibility Supply Chain Vendor Guide, research that brings together the main technological players in the Supply Chain.
Circle is included into “Vendor List” with the Milos® solution, Circle’s main product, as a support activity for the Global Supply Chain. Gartner’s research analyzes the contemporary logistics market and predicts that by 2024 at least 75% of the top 50 global companies will have implemented their activities in this industry.
Milos® is therefore recognized as a highly innovative and strategic product for companies in the sector at a global level. Milos® is cited within Gartner’s research as a modular solution for optimizing freight transport in general, with a particular focus on automated port logistics and Gate Automation.
This report coincides with the start of the latest release of the Milos® GSCV (Global Supply Chain Visibility) modules on November 19th, 2019, which sees the implementation of the Milos® GSCV Suite with the MasterSPED® Suite, the main software of Progetto Adele, acquired last July by Circle. This implementation between the two products has been focused on the integration of the connectors of both softwares, with the aim of creating a specific added value for advanced customs services, and greater efficiency for port logistics services in terms of security and reduction of costs and times.
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