In today’s global business environment, you need every advantage you can get. One particular competitive advantage is real-time visibility into the supply chain. You can achieve that advantage through global connectivity within your B2B integration solution.
Real-time visibility offers a competitive advantage because it gives you deeper insights into the supply chain so you can make better decisions.
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Why Do You Need Real-Time Visibility?
IDC predicts that by the beginning of the next decade, organizations that have the ability to analyze all relevant Big Data analytics and deliver actionable intelligence will achieve an extra $430 billion in productivity gains over those who do not. Four hundred and thirty billion dollars is a difficult number to ignore, and doubtlessly, anyone would want to gain even a fraction of that profit.
Why does real-time visibility allow companies to be so much more productive? They can make better decisions with that information.
Think about your own workflow for a moment. Does it involve circulating error-prone spreadsheets through email, which waste everyone’s time (and the business’ money)? Do you have to check multiple systems several times a day to have an idea of what is going on?
Real-time visibility solves those issues because it puts all of the information you need in one place at one time. There is no more guessing about where your shipments are or when your payments will arrive. You can work faster to achieve the outcomes you want.
Why Do You Need Global Connectivity?
To maintain real-time visibility, you need global connectivity. Years ago, your supplier or customer might have been located in the same state, or at least the same time zone. Today, they most likely will not even be on the same continent.
Communicating clearly and effectively with partners scattered all over the globe is paramount. That is where global connectivity comes into the picture. Your B2B integration solution requires it for you to be able to connect with all of your trading partners.
In and of itself, global connectivity provides a competitive advantage. You can see information coming in faster from across the world, which allows you to grasp opportunities of which you might have been unaware otherwise. For example, global connectivity could allow you to see that an uptick in shipments to a particular market might mean it is time to expand, or that you should launch a new product line. Global connectivity is a window into a previously uncharted world.
The right B2B integration solution – one that featured real-time visibility and global connectivity – allows you to achieve your goals faster and more efficiently. Thanks to real-time visibility, you finally have access to the information you need, when you need it. Global connectivity powers real-time visibility, as well as enabling you to spot new opportunities in the market.
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