3 Big Data benefits for Supply Chain ManagementPosted on
Right product. Right place. Right time. Right quantity. Right quality.
Supply chain success is difficult even in the best conditions. So what happens when markets, customers, and technologies are in constant flux?
Supply chain used to be about making products and delivering them.
Now you need to drive growth and customer loyalty — in a market that’s faster, more complex, and less forgiving than ever. This is because digitally empowered consumers want customized products at mass-market prices, delivered on their terms.
Supply chains are increasingly complex.
Outsourcing production to disparate global suppliers reduces your control over quality and lead times while new sustainability and environmental mandates increase demand for transparency and compliance. On the horizon, delivery drones, 3D printing, and robotic warehouses promise even more disruption.
Data, too, poses a host of new and ongoing challenges.
- Inside your walls, your core systems and processes don’t talk to each other — meaning your core people can’t communicate, either.
- Big data from the Internet of Things promises new visibility and value. But having the tools and time to keep up with it is difficult.
- You also need to collaborate and plan with partners and suppliers. But your data is incomplete, out of date, inaccurate, or all three.
Despite these challenges, some companies are still moving ahead.
Companies with best-in-class supply chains consistently outperform competitors by focusing on three drivers:
- Lowering Cost
- Increasing Flexibility
- Driving Growth
The common element Data.
Supply chain leaders use analytics to transform raw data into detailed insights — and they use these insights to transform their supply chains.
“Thanks to Qlik, we have complete control over all our business processes, including tracking and tracing. The ability to perform daily analyses allows us to adjust easily and achieve dramatic cost savings.” – Jaap Brokking, General Manager, BBS Food
Data from functional silos alone can’t show you what you need. To be successful, you need to see the whole story. When you see the whole story…
You answer every question. Model every scenario. Minimize every risk. You’re also able to:
- Analyze performance across your entire supply chain — including partners and suppliers — rather than within a single function or silo
- Make better decisions to drive improved performance
- Turn the insights hidden in your systems into competitive advantage
You transform supply chain management into a strategic business function by:
- Managing KPIs across multiple functions
- Mitigating risk and increasing resilience
- Ensuring customer centricity and satisfaction
- Increasing agility and competitiveness
- Ensuring compliance and sustainability
- Identifying new areas of opportunity and growth
Qlik solutions for supply chain show you the whole story — and let you share actionable insights with everyone who needs to know.
With Qlik, you can integrate data from internal applications with external data from suppliers, partners, customers, and third parties — letting you explore all your data in powerful new ways.
Through guided analytics and self-service visualization, the Qlik associative model reveals insights and relationships that would stay hidden in hierarchical BI systems or delayed by requests to IT.
Around the world, Qlik solutions for supply chain are helping organizations lower costs, increase flexibility, and drive growth.
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