How to increase visibility in multi-tier supply chains?

Understanding how a product gets into the hands of customers requires a broad and comprehensive view across the list of all the companies involved in the distribution process, from the factories to the last distributor to the final customer.

Friday, April 1, 2022

Location analytics allows businesses to map their entire supply chain, in order to identify all components that are part of the logistic processes.
Multi-tier supply chains are multiple single-tier collaborations, i.e., multiple relationships between suppliers and buyers, within a supply chain. These multilevel chains are becoming a key strategic driver to reduce costs, decrease capital assets and bring products to the market in a more efficient way than the competitors. Read the full article here

Supply chains can be divided into a “tier” system based on proximity to a business or final product.

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These are partners with whom business is done directly, including contracted manufacturing facilities or production partners.

It is easiest to identify Tier 2 suppliers as the sources from which Tier 1 suppliers obtain their supplies.

Tier 3 suppliers or partners are one step beyond the final product and typically deal with raw resources.

At PREDIK Data-Driven we use location intelligence and advanced analytics to answer questions such as:

  • What other vendors do my customer work with?
  • Who are my competitor’s customers?
  • Who are the wholesalers of a specific company?
  • Who are the distributors my competitors work with?
  • What does my competitors’ supply chain look like?
  • What are the facilities of specific companies?

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Location analytics can identify unknown hidden participants or nodes in supply chains, thus helping to minimize and better control the risks of disruption.

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Foot traffic and location analytics help wholesale distributors maximize profits, allowing them to reveal where operational inefficiencies are and then implement solutions in problem areas.

With advanced location intelligence analytics, point-of-interest characterization and supply chain-centric foot traffic analytics, distributors can now truly understand their channels on a line-by-line basis, which can lead to better decisions and ultimately higher profits.

Big Data and the Last Mile Business

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