Supply chain transparency is essential in the modern fast-moving global economy to assure efficiency, decrease costs, and ensure customer satisfaction. GPS tracking is an important technological advancement that promotes supply chain transparency. GPS tracking systems provide businesses with actual-time visibility of product movement, and GPS monitoring systems are thus a necessary utility for maximizing operations, decreasing pilferage, and optimizing delivery. GPS tracking devices are transforming the management of companies' supply chain from factory to point of delivery, promoting enhanced responsibility and transparency end-to-end.
Real-time Visibility for Better Supply Chain Management
One of the principal benefits of GPS tracking technology is to provide supply chains with an eye into where and how products are being shipped through transit in real-time. GPS tracking enables firms to trace moving products via air, ocean, or ground and obtain instant reporting on exactly where they are located.
Organizations are in a position to respond ahead of disruption by rerouting shipments if disruption happens and rearranging schedules or company’s assets as appropriate through gaining such visibility. To make their product arrive in the store as scheduled, for example, a store operator would be able to track their journey in real-time through GPS-tracking of deliveries.
Preventing Theft and Ensuring Security
GPS tracking at the supply chain level is necessary in a bid to curb loss via theft and guarantee product safety. There is always a risk of theft when moving valuable material, particularly if the material is carried in transit or stored at distribution warehouses. By incorporating GPS trackers into their shipments, businesses can monitor the movement of their products closely and ensure they do not make any unofficial detours or diversions from their planned routes. A shipping logistics firm dealing in electronics or valuable commodities, for instance, may utilize GPS trackers to monitor shipments in real time. The company is immediately alerted if the truck deviates from its course or stops suddenly, and therefore they can be easily stepped in to prevent theft.
Assurance of On-Time Delivery
The competitive market today has customers waiting for on-time delivery. With the use of the GPS tracking tool, companies can enhance delivery efficiency and deliver more than what their customers expect through the provision of accurate ETAs and optimal routes. Companies can eliminate the risks of delayed delivery that lead to dissatisfied customers or financial penalties by tracking shipments regularly. This is most important in areas such as retail and e-commerce where timely delivery is so key. For example, by using GPS tracking, an online retailer or food delivery service can offer customer’s actual delivery times, which will make them more contented and enhance the overall shopping experience. GPS tracker market allows companies to optimize routes using real-time data, reducing weather interference, traffic congestion, and other interference that may potentially hamper delivery promptness.
Increasing Alignments Between Supply Chain Business and GPS Tracking Companies
Alignments between supply chain businesses and GPS tracking firms are also increasing as GPS tracking becomes increasingly essential in supply chain management. Through venturing into such alliances, the two are capable of enhancing supply chain effectiveness by leveraging their respective fields of expertise. While supply chain companies bring years of experience in logistics, inventory management, and operational excellence to the table, GPS tracking industry provide the facilities and infrastructures. To make available end-to-end track and trace solutions for real-time tracking of goods from origin point to destination point, for example, a GPS tracking company can tie up with a logistics company.
GPS tracking is a supply chain disruptor for companies, offering end-to-end product movement visibility, minimizing the opportunities for theft, enabling timely deliveries, and enabling transparency. By embracing GPS technology into their operations, business organizations are in a position to automate processes, improve security, and development better customer experiences. With an increased need for accountability and transparency, GPS tracking will remain a fundamental component for firms looking to streamline their supply chain operations and address customer expectations within a competitive business environment.
Sources:
Company: Zealous system
Research Org: Research Gate
