Tag: supply chain analytics solutions

supply chain analytics

How Supply Chain Analytics is Paving the Way for Lean Supply Chain Operations? : Quantzig’s Success Stories

Quantzig, a leading analytics advisory firm that offers customized analytics solutions, has announced the launch of their latest newsletter on benefits of supply chain analytics solutions for businesses today. Supply chain analytics acts as a nexus between industries and the gigantic troves of supply chain information lying at their disposal. Supply chain analytics solutions  help businesses identify new opportunities within the supply chain and benchmark costs across each of the supply chain nodes.

Quantzig offers a comprehensive portfolio of customizable supply chain analytics solutions to help business leaders improve supply chain planning, reduce excess spend, reduce wastage and excess inventory costs, improve the demand forecast, demand planning process, and the capacity planning process.

Reducing distribution cost by about $8M for a leading sports brand:

Identifying supply chain opportunities and risks by combining real-time datasets is a daunting task for businesses. A leading sports brand was finding it difficult to gain access to historic datasets related to suppliers, costs, and overall business outcomes. They wanted to combine the dynamic demand signals with real-time market insights to make crucial supply chain decisions and proactively respond to the changing needs of the market.
Quantzig’s supply chain risk analysis solution helped the client to gain access to historic supply chain information by region, vendor, and across all product hierarchies. The solution offered helped the client’s sourcing teams to better analyze the performance data of suppliers and drill down to the root cause of performance inadequacies. By leveraging Quantzig’s supply chain analytics solutions, the sports brand was able to improve the flexibility of the supply chain and reduce distribution cost by $8M.

Minimizing inefficiencies in  supply chain management:

Are obsolete inventory management systems leading to poor business outcomes? If yes, then you must read our success story to learn how we helped how we helped a food and beverage industry player gain control over their inventory to keep food distribution safe and efficient.
During the course of this engagement, our supply chain analytics experts developed a customized dashboard to help the client gain actionable insights and optimize their supply chain operations. This further helped the food and beverage company to enhance supply chain management efficiency by combining descriptive and predictive data sets to regulate the consequences of different choices of action.
Gain better visibility into supply chain processes and improve operational efficiency by putting your real-time data to work. Get in touch with the experts.

Improving demand forecasting efficiency through supply chain analytics solutions:

Building an effective demand forecasting model is no more a myth. This success story by Quantzig is the best example of  this where one of its clients faced a similar predicament but realized a major improvement in their capabilities to forecast demand with a suitable demand forecasting model.

By leveraging Quantzig’s supply chain analytics solution, the client, a distilled spirits manufacturing company, was able to overcome challenges that were affecting on-time and in-full delivery. Also, a multi-source data integration solution by Quantzig helped them to gain an end to end visibility on supply journey of each product right from manufacturing to order delivery.

Request a free demo to gain real-time insights on the position of your assets with the help of our supply chain analytics solutions.

Monitoring vendor risks and minimizing inventory levels:

Measuring the supply chain and vendor performance to increase profitability has become one of the major roadblocks for many companies. Supply chain analytics solutions may hold the key to success. Take a quick look at our recent case study to understand how we helped a processed food retailer to optimize their existing logistics and route operations to minimize inventory levels and monitor the vendor risk and performance.

The client was facing several predicaments in monitoring and tracking their supply chain processes. Factors such as these, along with a decline in profit margins impelled them to leverage analytics to monitor inventory levels/avoid out-of-stock scenarios. Our supply chain analytics experts adopted a comprehensive approach that helped them to reduce costs associated with the supply chain and drive sustainable development. Also, the processed food retailer was able to develop robust supply chain strategies that helped them to serve the needs of the customers and maximize overall profitability.

 

supplier performance management

Top 4 Benefits of Supplier Performance Management

What is Supplier Performance Management?

Supplier performance management is defined as a process that helps businesses to analyze, measure, and manage the performance of their suppliers. This helps them to cut costs and drive continuous improvements in supply chain operations. Supplier performance management involves activities that aim at improving the performance and capability of suppliers. Also, it ensures that both parties share in the benefits of better quality and performance, shorter cycle times, and lower costs.

By leveraging supplier management solutions, businesses can identify potential issues and their root causes. Companies mostly rely on timely delivery, price reduction, and service quality offered by their suppliers in order to gain more profit. Therefore, supplier performance management directly impacts the quality of the whole supply chain, making it important to establish an efficient mechanism to ensure the quality of services or products offered. Through supplier performance management, companies can eliminate suppliers who fail to comply with performance requirements. Supplier performance management helps in setting the stage for suppliers to understand the needs and expectations of customers. As a result, a strategic partnership can be built, resulting in an increase in suppliers’ performance and competencies.

Supplier performance metrics brings together the components of risk management, metrics management, supplier segmentation, and consequence management. This can help actively manage important supplier relationships in a consistent manner, providing actionable data to facilitate supplier selection.

Gaining 360-degree visibility into supplier performance and contractual agreements is difficult for businesses. But we are here to help. Get in touch with our experts right away.

Benefits of Supplier Performance Management

Avoid supply chain risk and disruptions

For businesses, it is important to be familiar with third-party vendors in their supply chain. This helps them to put measures in place to prevent interruptions and reduce the incidence of risk exposure. Supplier performance management offers in-depth visibility into the risks that can be posed by suppliers in the overall supply chain network. As a result, businesses can adapt to preventive measures to reduce or eliminate the risks that can disrupt the supply chain operations in the future.

Quantzig’s supplier management solutions can provide you a portfolio of capabilities that enable you to start building on supplier strengths, even before they’re fully onboarded. Request a FREE proposal to know more.

Improve brand reputation

The actions of suppliers may tarnish the brand image of companies. This is where supplier performance management can help. By leveraging supplier management solutions, businesses can track their suppliers’ performance against the KPIs and enact corrective actions early. This can help in improving brand reputation in the eyes of the customers.

Avoid costs and achieve savings

Lack of accurate and timely supplier information can have a huge impact on costs and savings. Supplier performance management can also help businesses in tracking a variety of cost factors that can contribute to savings achievements. Also, this can help in centralizing supplier data into a single source for everyone across the organization interacting with vendors.

Our customized supplier management solutions offer end-to-end modularity that can help in better supplier relationship management and ensure compliance and mitigate risks. Request a FREE demo to gain better insights.

Collaborate with suppliers

Collaboration with suppliers helps in creating new value for businesses. Supplier management solutions can help businesses gain relevant information about suppliers that can further pave the way for establishing robust relationships with suppliers. The data collected through supplier performance management solutions can help improve the supply base, create realistic contracts based on past performance, more communication with suppliers, formation of common goals, and the establishment of trust. Thus, supplier performance management can help in establishing meaningful and mutually beneficial relationships with suppliers and improving supplier relationship management.

Want to know more about the benefits of supplier performance management? Request for more information.

supply chain visibility

Weekly Round-Up: A Storyboard on the Importance of Supply Chain Visibility

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the importance of supply chain visibility and how it can help businesses improve customer service and control costs through proactive status updates of inventory, effective inventory management, reduction in supply chain disruptions, and risk mitigation. Supply chain visibility is the key to gain advanced insights into supply chain operations.

By leveraging supply chain visibility solutions, companies can integrate such insights with customer’s data and optimize their supply chains efficiently. Also, supply chain visibility can help businesses to understand customer demands, improve decision making, and enhance agility.

Quantzig’s analytics solutions have helped leading companies to make data-driven decisions and boost profitability. Below, we have summarized some of Quantzig’s recent success stories for this week and have also highlighted ways in which supply chain visibility solutions have helped companies to improve workflow and reduce inventory effectively.

Are you wondering how to increase the efficiency of your supply chain operations? Our supply chain analytics solutions can help. Get in touch with our experts now!

#1: Supply chain visibility reduced the replenishment rate by 20%: Optimizing the decision-making process and increasing efficacy in the supply chain are daunting tasks for companies across industries. But it should not be a matter of concern if your organization has a better perceptibility of the supply chain processes. A leading manufacturer in the U.S was facing a similar issue but experienced a great change in their replenishment cycle by leveraging Quantzig’s supply chain analytics solutions. These solutions also helped them to improve their forecast accuracy by 85%.

Supply Chain Visibility Engagement – 20% Reduction in Replenishment Cycle

#2: Mitigated the failures across inbound and outbound supply chains with the help of supply chain analysis: Are failures in inbound and outbound deliveries worrying you? This is where supply chain visibility solutions can help as it helped one of Quantzig’s clients, a renowned sports goods and apparel manufacturer. By leveraging Quantzig’s solution, the client was able to gain insights into the exploratory and univariate inbound data. Also, supply chain visibility solutions helped the company to identify the wholesale channel that had the lowest out-bound OTIF levels.

Supply chain visibility and root cause analysis for OTIF failures across inbound and outbound supply chains

#3: Why is supply chain visibility important for your business? Globalization, rapidly growing competition, and the increasing market complexities have swollen the difficulty for companies to keeps tabs on their ever-expanding networks of the supplier. This is the time for companies to leverage supply chain visibility solutions. Supply chain visibility aims at improving and strengthening the supply chain and making information easily available to all the stakeholders. This further facilitates forecasting and helps in better demand management.

4 Reasons Why Supply Chain Visibility is More Important Than You Think

Our supply chain management solutions help companies to enhance their supply chain visibility and demand forecasting capabilities. Request a FREE proposal today to know more about our portfolio of services.

#4: Supply chain analytics solutions improved inventory management: Do you really think reducing inventory levels and improving operational performance is a difficult task? If yes, then take a look at our latest success story during the course of which we helped a client to simplify the supply chain complexities and minimize disruptions significantly. Also, it helped the client to focus on blind spots to respond to the disruptions in a timely manner and satisfy the future demands of customers efficiently.

Supply Chain Visibility for a Leading Healthcare Retail Client Helps Maintain Better Inventory Levels

#5: What are the most crucial components of supply chain visibility? A good supply chain visibility solution enables all the stakeholders to monitor and track the movement of supplies throughout the supply chain system. There are several critical components of supply chain visibility that help businesses to improve productivity by providing visibility into the supply chain processes. Read this full article to find out what are those components.

4 Components of Supply Chain Visibility That You Need to Work on

#6: Supply chain visibility facilitated innovative care models for customers: A leading healthcare industry player approached Quantzig to gain better visibility into their supply chain process from the supply stage to the end customer delivery. Also, the client wanted to identify and eliminate factors behind the delay in the delivery of products and reduce variability. Quantzig’s supply chain visibility solutions offered real-time visibility into the shipment lead times, production rates of supplier, and customer sales projections. Furthermore, Quantzig’s customized analytics solutions helped the client to offer innovative care models to their customers.

Supply Chain Visibility Helps a Renowned Healthcare Client Offer Innovative Care Models to the Customers

Quantzig offers customized analytics solutions to improve order fulfilment ratios and increase operational efficiency. Request a FREE demo to know how our customized analytics dashboards can help your business.

#7: Unveiling the secret tips to boost your supply chain visibility: Ignorance is never bliss, well at least in this case. If you are unaware of products and parts in transit within your supply chain network, you are lagging behind most of your competitors. Supply chain visibility solutions may hold the key to success. Supply chain visibility can help your organization to respond proactively to drastic supply and demand changes by enabling you to take corrective actions and redirect supply or demand. Also, it provides a real-time picture of the inventory levels that can further help businesses to meet their compliance goals. Here are the secret tips that can help you boost your supply chain visibility significantly. Read more.

Secret Tips to Boost Your Supply Chain Visibility

#8: Supply chain visibility improved supply chain efficiency by 10%: Are you facing difficulty in managing the immense surge in demand? If yes, then you must be going wrong somewhere in optimizing the end-to-end supply chain functionalities right from suppliers to the customers. Quantzig solved one of its client’s similar issue by offering its supply chain visibility solutions that proved beneficial in identifying shortages and eradicating disruptions in the supply chain. Furthermore, this paved the way for effectively responding to production bottlenecks while improving agility in the supply chain management.

Quantzig’s Supply Chain Visibility Solution Helped a Renowned Medical Equipment Manufacturer Improve Supply Chain Efficiency by 10%

#9: Reasons why can’t you avoid supply chain visibility solutions in today’s business environment: Evergrowing competition, globalization, and increasing complexities in the business environment are some of the major roadblocks for organizations today. These factors act as hurdles for companies in effectively managing their ballooning supplier networks.  Therefore, companies can’t overlook the supply chain visibility which is obviously challenging but also important for businesses. This article offers a detailed overview of the reasons why avoiding the incorporation of supply chain visibility solutions can be precarious for businesses.

Five Undeniable Reasons Why You Need to Take Supply Chain Visibility Seriously

#10: Supply chain visibility boosted revenue by minimizing the cost to serve: Every business aims at gaining timely access to accurate supply chain information for inventory optimization and demand planning. One of the leading retailers of the US with a similar goal approached Quantzig to develop an effective strategy for enhancing supply chain visibility and demand-supply management. They wanted Quantzig to help them address the supply chain complexities in terms of manufacturing partners, suppliers, and logistics. By leveraging Quantzig’s supply chain analytics solutions, the client was able to improve its supply chain management and demand forecasts, while witnessing significant improvements in the overall performance.

Five Undeniable Reasons Why You Need to Take Supply Chain Visibility Seriously

supply chain analytics

Weekly Round-Up: A Storyboard on The Importance of Supply Chain Analytics Solutions

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the importance of supply chain analytics and how it can help businesses in improving supply chain visibility and merchandising capabilities. In today’s competitive business scenario, companies find it difficult to monitor operations in real time and eliminate data silos. This is where supply chain analytics can come to the rescue.

By leveraging supply chain analytics solutions, companies can calibrate their entire supply chain network efficiently. Supply chain analytics can help companies in supply chain management and improve operational efficiency to facilitate quick time-to-market. Additionally, it can enhance the end-to-end performance of the supply chain and boost demand forecasting and logistics operations.

To stay ahead of the curve and create lean operations, supply chain leaders must leverage supply chain analytics solutions to yield the visibility they need into their entire operation.

Quantzig’s analytics solutions have helped many leading companies to make smart and data-driven decisions and boost growth. Below, we have summarized some of Quantzig’s recent success stories for this week and have also highlighted ways in which supply chain analytics can help companies to analyze market demand, the impact of indirect supply chain cost and boost ROI.

Analytics-driven control metrics enable companies to gauge critical events in the supply chain in real-time. Want to know how? Request a FREE proposal now.

#1. Supply chain analytics reduced distribution cost by about $8M: Identifying supply chain risks and opportunities by combining real-time datasets is a daunting task for businesses. But supply chain analytics solutions can make this task easier by precisely monitoring the performance data of suppliers through analytics dashboards. Also, supply chain analytics solutions can offer detailed insights into inventory and market demand. Furthermore, this can facilitate supply chain optimization and enhance supply chain flexibility.

Leading Sports Brand Leverages Supply Chain Analytics, Identifies Potential Savings Worth Around $8m

#2. What are the benefits of supply chain analytics?  Supply chain analytics can help organizations to achieve operational excellence in multiple activities ranging from procurement of raw material to order fulfilment. Also, by leveraging analytics solutions in supply chain companies can enhance their category management practices and consolidate the supplier base to minimize operational costs and improve contract compliance.

Unveiling the True Potential of Supply Chain Analytics

#3. Supply chain analytics minimized inefficiencies in supply chain management: Are obsolete inventory management systems leading to poor business outcomes? No more, as supply chain analytics is here to help you out. Supply chain analytics has the potential to help companies solve several complicated decisions by leveraging millions of decision variables, trade-offs, and restrictions. It can help in identifying the key opportunities to bring about improvements in profit margins. Furthermore, this can assist in optimizing supply chain operations by combining descriptive and prescriptive data sets.

Supply Chain Analytics Solutions for Food and Beverage Companies – A Quantzig Case Study

Customized analytics dashboards can offer a 360-degree view of the supply chain operations. Request a FREE demo below to know more.

#4. Supply chain analytics eased the interpretation of market trends and enhanced operational efficiency: Catering to the growing demands while focusing on affordability is one of the major concerns for companies across industries. One of Quantzig’s clients faced a similar issue and approached Quantzig to leverage its expertise in offering supply chain analytics to bring about significant improvements in markdown percentages. Quantzig’s supply chain analytics solutions offered unparalleled visibility into the supply chain risks and demand uncertainty by interpreting the market trends in real-time.

Supply Chain Analytics for a Power and Energy Market Client – A Quantzig Case Study

#5. What’s new in supply chain analytics in 2019? Technological progress is becoming very important for companies in every sector. Supply chain management is also witnessing new trends and technologies every day. This makes it important for companies to understand the latest and existing trends to assess the benefits of evolving technologies and prioritize organizational goals. The advent of technologies like IoT and data unification in supply chain analytics has resulted in an accurate forecast of possible complications and better supply chain visibility.

What’s New in Supply Chain Analytics This Year?

#6. Supply chain analytics transformed the existing supply chain strategies and increased savings: Developing efficient supply chain strategies can be a cause of concern for businesses but you need not fear if you have a proper supply chain analytics solutions in place. A leading skincare products manufacturer was facing the same issue but experienced a great change in operations and savings by leveraging Quantzig’s supply chain analytics solutions. These solutions helped them to anticipate customer demand and accordingly regulate their inventory levels. Additionally, it assisted them in identifying top suppliers and in fine-tuning their existing strategies that resulted in increased savings.

Supply Chain Analytics for A Leading Skin Care Products Manufacturer Helps Fine-tune Existing Supply Chain Strategies and Improve Efficiencies

Are you finding it difficult to analyze supply chain data in real-time? Get in touch with our experts.

#7. What is the importance of supply chain analytics in today’s business environment?  With the increasing pricing pressures and aggravating customer demands, companies across industries are facing predicaments in enhancing supply chain efficiency and operational speed. Companies need to evolve their supply chain execution systems and tweak their marketing techniques to accommodate the growing customer demands and dynamic market conditions. Supply chain analytics holds the solutions to all of these issues. It allows companies to analyze their supply chain data and identify the efficiency gaps. This, in turn, accelerates sales, speeds-up material movement, and improves supply chain standards.

Supply Chain Analytics: A Game-changer in Boosting Your Supply Chain Efficiency

#8. Supply chain analytics improved demand forecasting capabilities significantly: Do you really think devising an effective demand forecasting model to improve end-to-end supply chain visibility is a myth? If yes, then you must go take a look at Quantzig’s latest success story where one of its clients faced a similar predicament but realized a major improvement in their capabilities to forecast demand through the use of a suitable demand forecasting model. Furthermore, supply chain analytics solutions proved to be extremely helpful in providing end-to-end visibility on supply journey of each product.

Supply Chain Analytics: A Game-changer in Boosting Your Supply Chain Efficiency

#9. What are the key supply chain challenges? The growing complexity of business environment has forced companies to re-shape their business models. Due to such complexities, companies are facing multiple supply chain challenges increasingly complex patterns of consumer expectations and customer demand. Therefore, supply chain analytics has become the need of the hour for companies if they really want to stay ahead in the competition. It can aid companies to identify specific processes and analyze the potential areas of waste or inefficiency.

How Supply Chain Analytics Can Help Solve the Biggest Supply Chain Challenges

#10. Supply chain analytics solutions minimized inventory levels and checked vendor risks: Measuring the supply chain and vendor performance to increase profitability has become one of the major roadblocks for many companies. Are you facing the same problem? Supply chain analytics may hold the key to success. By leveraging analytics solutions in supply chain, companies can optimize their existing route and logistics operations to minimize inventory levels. Additionally, these solutions can help in measuring key vendors’ performance that can further help in mitigating future risks.

Supply Chain Analytics Helps a Leading Processed Foods Retailer Minimize Inventory Levels and Monitor Vendor Risks

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Leading Sports Brand Leverages Supply Chain Analytics, Identifies Potential Savings Worth Around $8m

The client is a leading international sports brand based out of Germany. They wanted to bring about double-digit improvements in stock out and mark down percentages by leveraging Quantzig’s supply chain analytics solutions and improving their approach to supply chain management.

The Business Challenge

Exponential data growth is a major problem that continues to overwhelm players across various industries. The invention of new and increasingly complex business models has further complicated the business scenario and only those who effectively manage this complexity will clearly gain a winning edge. However, if left unattended, this complexity turns into a barrier to innovation and inhibits the organization’s ability to derive actionable insights from data. To seize the complete potential of such digital business models, businesses will have to develop better data management strategies that leverage insights derived from supply chain analytics.

The data generated from supply networks is no exception in this context. In the current, economic and geopolitical environment, businesses cannot afford to not know their supply chain processes in detail. This holds true for companies dealing with trend driven products and services, where in addition to the supply chain hitches, they are constantly exposed to dynamic fluctuations in markets trends and customer demands. In such situations, changes in supply chain processes and economic environment often lead to unforeseen supply chain interruptions and a shortage of raw materials.

The client, a leading sports brand, faced several supply challenges due to their inability to make sense of the vast pools of data from suppliers and external third party sources.

In today’s competitive market scenario, supply chain analytics is the silver bullet that’ll help you cut through the competition and gain a winning edge. Request a free demo below to know more.

Top Challenges Faced by the Client

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