Tag: supply chain integration

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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4 Compelling Reasons Why Supply Chain Integration is Important

Supply chain integration refers to the use of shared management information systems for closely aligning and coordinating activities within a supply chain. More and more companies are now looking at adopting supply chain integration to keep up with slimming margins, increasing competition, and a decreasing amount of differentiation between brands. Integrated supply chain solutions help companies to compete better on cost, by eliminating wasted time and materials. They also allow for shorter life cycles by having fewer links in the supply chain from back to front, and tighter coordination between delivery, warehousing, and transportation.Contact US

Key benefits of supply chain integration

Better demand prediction

supply chain integration solutions help companies to better predict customer demand and align their strategies accordingly. Organizations that have a global supply chain must be capable of accommodating shorter product life cycles, emerging markets, and fluctuating economies. Having an integrated supply chain ensures that the business is adequately responding to the changes in demand and other market trends.

Increased flexibilityDemo

This is one of the key perks that companies gain by adopting supply chain integration. Flexibility is the end result of integrating all of a business’s functions. It acts as a catalyst for the management to gain operational flexibility and respond rapidly to external events, including the actions of competitors and changes in customer demands. It also helps organizations to gather intelligence through their supply chains, allowing them to be aware of what their competitors are up to and plan their strategies accordingly.

Elimination of wastage

Organizations often face difficulty in successfully maintaining a sustainable supply chain. However, companies can overcome this problem by incorporating lean practices which help identify and eliminate waste in the supply chain. This also helps them gain increased agility which allows organizations to respond effectively to unpredictability. So, it is ideal for companies to have a combination of agile and lean supply chain practices. In order to ensure that the supply chain is sustainable and successful in the long term, it is advisable for businesses to integrate data from across operations in the organization.

Higher profit margin

When the supply chain of a company functions smoothly, it’s easier for them to maintain and even increase their revenue, resulting in higher profit margins. Companies can ensure an innovative and collaborative supply chain by using product and portfolio management software and SCM solutions. This will help them produce and deliver products at a much faster, more successful rate, consequently resulting in higher profit margins.


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