THE SUPPLY CHAIN BLOG
Most Important Supply Chain Analytics Skills
The demand for data analysis skills by supply chain organizations is growing. What are the most important skills needed for performing effective supply chain analytics? “In addition to the technical skills required, supply chain analytics practitioners and supply chain consultants need deep domain knowledge in the industry as well as excellent communication skills.
3 Ways to Use Supply Chain Analytics to Drive Profitability
Supply Chain Analytics are not only used for realizing cost savings opportunities. Supply Chain Analytics also offer great untapped potential for increasing operational performance. Three important applications that will drive profitability and growth include: 1. Building supply chain models that provide actionable insight, 2. Connect demand and supply in real-time and 3. Analyze supplier risk.
The Biggest Obstacle to Successful Supply Chain Analytics
Supply Chain Analytics tools and methods open up the opportunity to drill deeper into supply chain data for finding more ways to save money. However, the biggest obstacle to success are organizational silos and the silo mentality. This is because coordination across departments is where the greatest opportunities lie to create efficiency. Data democratization is the solution to this problem of silos in the organization.
3 Reasons Why You Should Do Supply Chain Analytics
Supply Chain Analytics is used to help companies gain a competitive advantage. We look at the information collected from a host of supply chain measures and then draw conclusions. We can do “what-if” analysis as well as assess where profitability will be impacted.
Establish Davis Database Presentation at CSCMP
Establish Davis Logistics Cost and Service Database is an ongoing annual survey that manufacturers, distributors and retailers participate in to receive a customized logistics benchmarking report of logistics cost and service. The benchmarking database is the longest running, since 1976, and with most entries in the logistics industry.
Internal Business Partnering in Procurement
Dustin Mattison interviewed Bill Young. Bill discussed Internal Business Partnering in Procurement.
Questions To Ask When Collaborating With Suppliers
Dustin Mattison interviewed Sara Husk. Sara discussed collaboration with suppliers and customers.
Lean Supply Chain & Logistics Management
It seems that there has always been a focus on cost cutting in the Supply Chain & Logistics function. This focus is due to the very real “leverage” effect that reducing operating costs can have on the bottom line. This strategy has been somewhat successful, but has left a lot on the table in terms of not only cost reduction opportunities but productivity and quality as well.