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Give Analytics A Chance

Supply Chain Shaman

We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Manage Make, Source, and Deliver Together. Invest in analytics to sense and translate demand. Change internal metrics to a balanced scorecard and force the functions to work better together. What to do?

article thumbnail

Give Analytics A Chance

Supply Chain Shaman

We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Manage Make, Source, and Deliver Together. Invest in analytics to sense and translate demand. Change internal metrics to a balanced scorecard and force the functions to work better together. What to do?

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Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Using Analytics To Address Supply Chain Challenges

Silvon Software

Logistics disruptions, production delays, an over reliance on 3 rd parties, and labor market shortages are just some of these challenges. To address these issues, manufacturers and distributors are focusing more on the use of data analytics to help them make more strategic decisions related to supply chain performance.

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Navigate Shipping Landscape with Proactive Analytics

Talking Logistics

Relying on proactive rather than reactive analytics, and the ability to make specific actionable callouts from these data sets, will be key to navigating the ever-changing shipping landscape both now and in the future. Although very informative in their own right, retrospective analytics cannot undo the past. Enter proactive analytics.

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Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

The term “logistics” may be relatively new, but its general principles date back to ancient civilizations. The early Mesopotamians, Egyptians, Greeks, and Romans pioneered the principles of logistics and designed trade routes to facilitate their connections with other nations.