Business Analytics are Critical to the Supply Chain

Over the last decade, companies have invested heavily in new information technology, including systems for enterprise resource planning and supply-chain planning and execution. To handle the wealth of data required to support such systems, they are showing keen interest in business analytics'.

At the most basic level, business analytics' are a means of measuring supply-chain performance. They employ dashboards, reports, graphs and charts, based on handful of key performance indicators. They include such elements as forecast accuracy, days sales outstanding and inventory days of supply. "From executives in the boardroom to people on the shop floor, everybody can have the information they need to do their jobs easier.

The first step toward embracing business analytics' is to secure the data that underlies global operations. More of it has been generated in the last year than the previous few decades combined, "What's important is to have it presented to the decision-maker in a way that's timely and relevant. "With the data in place, companies need to examine the areas they wish to measure, manage and optimize.

Business analytics' can be a valuable tool for mapping business priorities to the available data of equal importance is the bench-marking of one's supply chain against other companies, especially those with "best-in-class" supply chains, while comparing themselves against direct competitors and industry leaders in efficient supply-chain management. Business analytics' can also be a critical tool in protecting against natural disasters, which have the potential to shut down entire supply chains.

Presented By

Zeeshan Ilyas, CSCA,CSCM

Connecting, Innovating & Inspiring on a Global Level !

Startup Mentor & Supply Chain Coach

A successful career in supply chain necessitates a never-ending thirst for knowledge and the most up-to-date supply chain skills and knowledge. Even though continuing education and certification programs can take time and money, they help get your specialized knowledge or skills recognized.

https://www.vcare.international/certifications

When professionals have training that other professionals lack, it distinguishes them and sets them apart from the crowd. Certification and master classes show that the professionals are committed to learning, excelling, and using best practices.

https://www.vcare.international/mmc

Featured Certification Programs

Certified Stores and Stock Controller (CSSC)

Certified Production and Inventory Analyst (CPIA)

Featured Mini-Master Classes

Supply Chain Framework and Strategy

Collaboration among Sustainability, Procurement and Supply Chain

Implementing 3PL and 4PL Strategies in the Value Chain

Supply Chain Sustainability with Circularity to Drive Profitability