Supply chain analytics: The three-minute guide series
Transform data into real-time, predictive insights
Commodity volatility, changing demand forecasts, and supplier-specific challenges have affected nearly every organization—including those with the leading managed supply chains in the world. Even top supply chain performers have faced embarrassing stock-outs during periods of unanticipated demand in recent years.
A big reason for this kind of underperformance is the fact that supply chain visibility and analytical models are typically grounded in hindsight. Making decisions based only on what happened in the past no longer provides competitive advantage.
Why it matters now
Globalisation and complexity have put supply chains in the spotlight like never before.
Supply chains are a rich place to look for competitive advantage, partly because of their complexity, and partly because of the significant role they play in a company’s cost structure. And with the power of new analytics, companies can now fine-tune their supply chains in ways that simply weren’t possible in the past.
If your supply chain management models are based only on past demand, supply, and business cycles, you could be missing big opportunities to put analytics to work.