Supply Chain Analytics
There is an increasing importance of Analytics in the Supply chain domain to overcome existing challenges that Supply Chain managers face today. Most of the organizations are planning to invest in Analytics as they view good potential for competitive advantage and innovation.
Supply chain analytics contributes significantly to the decision support for operational, tactical as well as strategic supply chain activities and help organizations reduce costs and optimize their supply chains.
Supply Chain Analytics brings data-driven intelligence to your business, reducing overall cost to serve and improving service levels. It encompasses virtually the complete value chain: sourcing, manufacturing, distribution and logistics.
SCM Connect offer Analytics in Supply Chain Management at 3 levels
- Descriptive – What has happened
- Predictive – What could happen
- Prescriptive – What should be done
Prescriptive analytics gives your organization the power to transform its supply chain.
Solutions provided using Supply Chain Analytics include
- Supply Chain Visibility
- Managing demand and inventories
- Optimizing logistics
- Reduce inventory
- Revenue growth through Improved item fill rates
- Improve margins by eliminating wastages
- Improvement in working by optimizing inventory
- Implement inventory strategy and devise replenishment norms
- Improved demand planning through forecast accuracy
- Improve service levels
- Reduce cost to serve
- Optimize logistics freight through flow optimization
- Supports in Supply Chain Design
