Analyzing Core Data
While the data-driven revolution is sweeping across different industries, supply chain leaders are also using analytics to improve their processes. They use granular data from various sources to holistically view all their activities, resulting in better decision-making and operational agility.
This requires more than looking at the traditional internal data on supply chain management (SCM) and Enterprise Resource Planning (ERP) systems. It’s about gaining visibility into the data within these systems through practical data analysis that covers critical areas, such as sales, inventory, sourcing, manufacturing, transportation, warehousing, and point of sale.
These leaders aim to create a data-fluent organization by using tools that measure the right metrics or KPIs. More importantly, the tools provide contextualized insights that are transparent and easy to understand. This allows teams to take action as well as save time and money.