Tag: supply chain management

supply chain management

Analyzing and Visualizing Demand Across Regions and SKU’s with the Help of a Supply Chain Management Dashboard | A Case Study on the CPG Industry

The client is a leading manufacturer and supplier of consumer packaged goods with several business units spread across Germany. With market expansions efforts in full swing, the client faced major OTIF delivery issues due to lack of complete supply chain visibility and poor coverage rates. Though the company achieved substantial growth through mergers and acquisitions, their inability to address the supply chain issues proved to be a major roadblock for future expansion initiatives.

The Business Challenge

The supply chain of modern enterprises does much more than just physically transporting products and raw materials from one place to another. The digitally unified world today requires supply chains to act as the nexus between a digitally coordinated information ecosystem and the network of suppliers in order to enhance visibility, transparency, and flexibility. However, with the ongoing digital disruptions and globalization, businesses are reeling under the pressure to enhance supply chain visibility, which in turn has increased customer expectations and stretched supply chains to the farthest reaches of the planet. In fact, customer demands for faster response times now represent one of the top challenges for the effective supply chain management.

Gain a holistic view of your datasets with customized supply chain management dashboards. Contact our experts right away!

Top Challenges Faced by the Client

Owing to their continuous market expansion efforts the CPG firm experienced increasing degrees of supply chain complexities along with a surge in costs for several years but did little to address the issues. The fragmented and decentralized nature of its supply network was mainly because the client lacked the basic analytics capabilities and a supply chain analytics dashboard to track supply chain processes.

Problem Statement 1

With order volumes exceeding millions and an average of 10,000+ monthly orders, the client needed to establish a robust supply chain management dashboard with different routing capabilities to track and monitor orders from different locations. The client’s current supply chain management approach offered limited insights into such processes, giving rise to several issues related to OTIF deliver.

Problem Statement 2

The client’s supply chain management strategy clearly did not offer the required insights into the supply chain processes to facilitate informed decision making. This proved to be a major challenge as it required the client to devise a holistic approach to enhance supply chain visibility across their global network.

Problem Statement 3

With a vast product portfolio and several different product categories under its umbrella, the client faced several challenges that hindered growth. The client needed to develop a supply chain management dashboard that compasses enterprise-level capabilities, technology, analytics, and data management skills to efficiently tackle supply chain disruptions.

Take Your Business to a Higher Level With the Help of Customized Supply Chain Management Dashboards

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Solutions Offered and Value Delivered

To gain the desired insights and tackle the complexities, the supply chain analytics experts at Quantzig adopted a comprehensive three-pronged approach that revolved around leveraging advanced supply chain management solutions.

Phase 1

The initial phase of this engagement focused on the development of a robust supply chain management dashboard to track and monitor OTIF performance across different nodes.

Phase 2

In the second phase, a dedicated team of supply chain management experts and data analysts were assigned the task of developing a supply chain visibility model to gauge the impacts of OTIF failures.  

Phase 3

The third phase of this supply chain analytics engagement revolved around implementing a system dynamics-based simulation model to accurately predict the probability of OTIF failures in different scenarios.

Want more information on how supply chain management dashboards can help you drive tangible results across the entire supply network? Our experts are here to help you!

The supply chain management dashboard along with the robust supply chain solutions empowered the client to enhance end-to-end supply chain visibility across different product categories. The supply chain management dashboard also helped the client to accurately identify and prioritize scenarios that would lead to a higher probability of OTIF failures. By enhancing supply chain visibility, the client was able to accurately predict the probability of delays in the delivery process and make informed decisions regarding corrective actions. The customized supply chain management dashboard also offered a comprehensive view of delivery performance along with in-depth insights into the impact of late deliveries. This further empowered the sales and operations teams to redesign their approach to supply chain management, enabling them to split and re-allocate deliveries to get OTIF back on track.

The supply chain management dashboard also enabled the client to:

  • Improve OTIF delivery for outbound supply chain by 89%
  • Improve OTIF delivery for inbound supply chain by 80%
  • Gain near real-time visibility of orders across the supply chain

What are the Key Elements of Supply Chain Management?

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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

inventory management

Weekly Round-Up: A Storyboard on the Benefits of Leveraging Analytics for Supply Chain and Inventory Management

LONDON: Quantzig, a leading analytics services provider, has announced the release of their new storyboard on the benefits of leveraging analytics for supply chain and inventory management. Each of these downloadable articles explains how analytics solutions can help companies to optimize their inventory, analyze their real-time supply chain metrics, improve cost structure, and track inventory levels effectively.

Companies across industries are facing critical challenges associated with the volume of inventory transactions, the complexity of the analysis needed to identify trends in inventory use, sales, and forecast demand. Leveraging the use of analytics in supply chain and inventory management can help companies to make well-informed business decisions, optimize inventory, improve the bottom line, enhance supply chain flexibility, and optimize resource usage.

Quantzig’s analytics solutions have helped companies to identify bottlenecks and supply chain risks by offering insights into real-time data. Below, we have summarized some of Quantzig’s free resources and have also highlighted ways in which analytics in supply chain and inventory management has helped businesses to excel in the competitive marketplace.

A proper inventory management system can help in optimizing logistics, improving order fulfilment ratios, and increasing operational efficiency. Request a FREE demo to know how our solutions can help.

#1: How leveraging analytics help in inventory management? Reducing inventory holdings is a daunting task for businesses but adopting the right inventory optimization strategy can make this task easy. Quantzig’s analytics solutions take warehouse inventory management to the next level through sophisticated algorithms and customized dashboards that make stocking recommendations and offer a holistic approach to assess various demand and supply signals within the supply chain. This downloadable free resource offers actionable insights into essential steps to build an inventory optimization strategy.

 Inventory Optimization

 

 

 

 

 

 

 

 

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#2: What are the best practices for warehouse inventory optimization? Monitoring and maintaining optimal levels of warehouse inventory seems to be a difficult task for businesses. However, businesses that succeed in doing so have been able to boost customer satisfaction rates, drive sales, and set an optimal capital cost structure. This free resource discusses some of the best practices that determine the most successful approaches to the complex process of inventory management. Also, it highlights some of the essential factors that evaluate the maturity of the processes associated with warehouse inventory management.

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#3: Transformational impacts of analytics on supply chain: Understanding digital customer behaviors and market trends amidst data explosion have become very challenging for businesses. But leveraging analytics can help in dealing with such challenges head-on by offering valuable insights into supply chain data. Incorporating analytics can impact both the top and bottom-line business results positively. A modern and digital supply chain network backed by the power of analytics can improve inventory management and the entire supply chain operations. Download this free resource to know more about the significant impact of analytics on the supply chain.

supply chain analytics WP

Want to know how our inventory management solutions can help you optimize the tracking of inventory and materials across the supply network. Get in touch with our experts.

supply chain analytics

How Can Supply Chain Analytics Help Streamline Inventory Lifecycle?

In a highly competitive market driven by digitally empowered customers, supply chain analytics turns out to be a golden key to stay ahead of the curve. An inefficient supply chain leads to critical challenges such as lack of innovation, lack of accountability, and reduced visibility. At Quantzig, we help you navigate this competitive marketplace through our modern supply chain analytics solutions.

Key Challenges

New technologies coupled with skyrocketing datasets can impact the supply chain consistently. As a result, companies find it difficult to have a flexible and transparent supply chain. Also, ensuring compatibility throughout the supply chain is not an easy task for organizations. But supply chain analytics can help deal with all these issues effectively. It can offer actionable insights into the potential risks in inventory management and mitigate them by analyzing scenarios. Additionally, supply chain analytics can assist in organizing the reverse logistics process and make supply chain management better. These are only some of the many solutions that big data analytics can offer to your supply chain. But do you know which particular supply chain analytics solution can suit your organizational needs? Quantzig can help.

Download a free copy of this article on leveraging supply chain analytics to improve inventory lifecycle and gain in-depth insights into how analytics solutions can help you in inventory management.

Our Solution

Quantzig’s supply chain analytics approach is not a one-stop solution for all, but a solution that is customized for your organization. We provide a framework that comprises different supply chain analytics solutions and helps in solving end-to-end supply chain issues. We promise to offer a structured approach in defined steps that starts right from analyzing the current scenario to the execution of specific solutions that can vary from inventory management to supply chain management to logistics optimization.

Key takeaways:

  • Learn how to reduce inventory costs through smart demand sensing
  • Gain comprehensive insights into ways to improve production plan and inventory optimization with the help of supply chain analytics
  • Establish a consistent approach to promote cross-functional collaboration
  • Understand how a proper supply chain analysis framework can empower sales and operation execution
  • Learn how supply chain analytics can help you measure cash to cash cycle time
  • Comprehend how supply chain analytics solutions can enhance the functioning of transport logistics

Why Quantzig?

Quantzig has substantial data analytics experience in the supply chain landscape by working with our clients across the globe with end-to-end data modelling capabilities. Our supply chain framework comprises solutions that help our clients in prudent decision making. Our comprehensive approach to analytics projects ensures that we drive any organization’s competitive readiness and success and deliver crucial business insights within time and budget. We always aim to bring together the best combination of analysts and consultants to maximize business outcomes and drive continuous market excellence.

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Unveiling the True Potential of Supply Chain Analytics

Supply chains are lucrative platforms for gaining a competitive advantage. This is because of two reasons which include their complexity and their role in defining the cost structure of a company.  With the growing data complexity, most companies are finding it difficult to model their trade-offs of growth and supply chain cycles such as the procurement process. This is where supply chain analytics can help.

By leveraging supply chain analytics solutions, companies can fine-tune their entire supply chain network in ways that was probably not possible in the past. Supply chain analytics can help in effective supply chain management and identification of inefficiencies in supply chain configurations. It has the potential to improve the end-to-end performance of the supply chain in terms of financial, operational as well as managerial aspects. Therefore, it is high time that companies realize the potential of supply chain analytics in a real sense.

The growing complexity and globalization have put supply chains into the limelight like never before.

At Quantzig, we understand the difference that supply chain analytics can create in the supply chain operations of a company. And to help companies deal with the logistics and transportation challenges as well as improve the supply chain strategy, our team of experts has highlighted a few major benefits of supply chain analytics that can act as a guide for companies to understand market volatility, the impact of indirect supply chain cost and improve ROI.

Looking to improve efficiency across the supply chain but wondering where to start? Get in touch with our experts.

Benefits of Supply Chain Analytics

Gain a significant ROI

Supply chain analytics has the ability to analyze the structured as well as unstructured data. The insights gained from such data can help companies to respond quickly to customers’ demand maintaining integrity and accuracy.

Understand the risks better

Supply chain analytics can help in identifying the known and unknown risks. Also, it can assist in predicting future risks by identifying trends and patterns across the supply chain.

Improve accuracy in planning

By analyzing customer data thoroughly, supply chain analytics can help businesses to precisely predict future demand. Also, it guides an organization in decision-making regarding production by analyzing customer demand and market trends.

Achieve the lean supply chain

Supply chain analytics can be used by companies to monitor the responses of stakeholders, warehouse, and customer needs for data-driven decisions.

Our supply chain analytics solutions help businesses to tackle challenges such as reduced visibility and inefficient operations across the supply chain and also offer them actionable insights to facilitate quicker decisions for global supply chain management. Request a FREE proposal to know more about our portfolio of services.

Prepare for the future

Companies are leveraging advanced analytics for supply chain management. Advanced analytics has the potential to process both unstructured and structured data to offer organizations a competitive edge. Also, it sends timely alerts that facilitates better decision making. Furthermore, supply chain analytics can establish a correlation among different sources and minimize risks.

5 C’s of Supply Chain Analytics

Connected

Supply chain analytics makes unstructured data from various social media platform and structured data from the Internet of Things (IoT) accessible.

Collaborative

Supply chain analytics enhances collaboration with suppliers across the entire supply chain through cloud-based commerce networks.

To know how our analytics solutions can help you in quick and accurate decision making, request a free demo below.

Cyber-aware

Using analytics in the supply chain also ensures the security of the supply chain from cyber hacks and intrusions.

Cognitively enabled

Using analytics in the supply chain improves the capability of the supply chain through automation. It helps in coordinating, collating, and conducting decisions across the entire supply chain.

Comprehensive

Supply chain analytics offers comprehensive and fast insights in real-time as latency is something that is not acceptable in the future supply chain.

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

“Increasing globalization and complexity have put supply chains in the spotlight like never before.”

Economies around the world are stepping back from the financial brink and have begun adjusting to a new normal, however, at the height of the downturn companies face a different set of supply chain challenges than they did. Some of these supply chain challenges include rising pressure from global competition, increasingly complex patterns of customer demand, and consumer expectations. In this blog discuss some of the biggest supply chain management challenges. The experts from Quantzig have curated some of the key benefits of supply chain analytics in overcoming these challenges.

supply chain analytics

What are the key supply chain challenges?

Customer service

Supply chain management primarily revolves around ensuring that the right product in the right quantity reaches the right place and the right time. As much as this might sound simple, this can indeed prove to be a complex task.

Cost control

The rising energy/fuel and freight costs are putting supply chain managers under extreme pressure to manage their operating costs. The greater number of global customers, technology, labor rates, and rising commodity prices tend to become more expensive.

Planning & risk management

Staying efficient and effective in today’s highly competitive marketplace is no easy task.  It requires periodic assessments and redesigns to stay in the game. These adjustments are in response to changes in the market including new product launches, global sourcing, credit availability, and the need to protect intellectual property. These risks must be identified and quantified in order to control and mitigate.

Supplier/partner relationship management

It is important to create, understand, and follow standards that are mutually agreed upon in order to better understand current performance and opportunities for improvement. Having two different methods for measuring and communicating performance and results in the wastage of time and effort.

Talent acquisition

It is becoming increasingly difficult to find talent that is qualified and interested. Supply chain managers need an extensive understanding of the key competencies and duties that are quintessential for effective supply chain management roles and the ability to efficiently source specific skill sets and methods for developing future leaders.

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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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predictive analytics

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

What is supply chain visibility? 

Supply chain visibility refers to the ability of businesses to track their goods and products that are in-transit from the manufacturing stage to the final destination and gives a comprehensive view of the inventory levels. One of the key goals of supply chain visibility is to improve and strengthen the supply chain by ensuring that tGet More Infohe data is readily available to all stakeholders, including customers. As more number of companies are outsourcing their supply chain, they tend to lose control and visibility in the supply chain.

Importance of having visibility in supply chain operations 

Rising competition, globalization, and growing complexities in the marketplace are the major roadblocks for companies in effectively managing their ever-expanding supplier networks.  Clear visibility in the supply chain is challenging but also more vital to businesses today than ever before. Here’s why:

Bigger and complex supply chains

Most companies today operate on a global scale, as a result, their supply chain is much more complex and bigger, making them extremely difficult to manage. Consequently, if companies do not have good supply chain visibility, it can hamper their ability to communicate effectively and make quick, informed decisions. In such situations, companies must invest in a cloud technology that is capable of managing big data or work with a logistics company that specializes in transportation management.

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