India, Jan. 24 -- Lack of transparency and inadequate tracking system persist in SCM due to inconsistent or lack of quality data to a great extent.

The supply chain has gone intrinsically complex, encompassing multiple players from producers to transporters, from wholesalers to retailers, and from buyers to consumers, unlike the two-man (seller-buyer) simple transaction that existed long ago. In this multifaceted process, the supply chain industry faces a critical challenge in cost, speed and product quality, directly linked to the seamless flow of data or information. Apart from lack of transparency, the hurdles faced in the sector are the complexities in information sharing and delays in data retrieval, which hold back the performance ...