In logistics, what does "asset visibility" entail?

Asset visibility refers to the capacity to track inventory and equipment throughout all stages of the supply chain. This encompasses the real-time monitoring of assets from the point of origin through to their final destination, which provides individuals and organizations vital insights into the location, status, and condition of these items.

Having asset visibility is crucial for effective logistics management, as it allows for informed decision-making regarding inventory levels, timely replenishment, and the efficient allocation of resources. It enables a logistics operation to respond proactively to any issues that may arise, ensuring that operations run smoothly and that customer demands are met in a timely manner.

This understanding of where assets are and their condition helps in optimizing supply chain processes, improving efficiency, and reducing costs associated with lost or misplaced inventory. Consequently, effective asset visibility is a cornerstone of modern logistics systems, enabling companies to enhance performance and stakeholder satisfaction.