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.

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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.

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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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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 the 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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What’s New in Supply Chain Analytics This Year?

With each passing day, technological progress is becoming more and more important as it affects every part of the company. In the case of supply chain management, new technologies and trends appear frequently. This is one of the main reasons why it is vital for companies to understand which trends exist, assess the potential benefits of evolving technologies, and prioritize implementation of goals. With the advent of advanced analytics and technology, the supply chain is evolving perhaps more rapidly than ever before. Industries like retail are increasingly relying on advancements such as supply chain analytics to ensure smooth flow of operations. The fact that you might hardly ever see an empty shelf in a retail store is proof enough. The insights gained from supply chain analytics go right to the heart of how a business performs. With time, supply chain analytics has been progressing and is now becoming more sophisticated. Here are some recent developments you need to know about:

Internet of Things (IoT)

Internet-connected sensors and devices have immense potential in supply chain analytics. Supply chain management works on the philosophy of getting the right products to the right customers at the right place and time. Earlier, organizations relied heavily on historical data in order to forecast their manufacturing schedule and quantity based on the customer demand. Often, this method can prove to be inaccurate and expensive. With the advent of IoT in supply chain analytics, companies can use data collected in real time from products equipped with IoT devices to predict failures more accurately.

Data unification

Recently, there has been a major evolution in supply chain management across organizations. These advancements have resulted in better supply chain visibility, efficiency, and profitability. In the coming years, the industry will continue moving to the end-to-end supply chain management model foundational to Industry 4.0. This will further ensure that entities at every level of the supply chain will have equal access to actionable, accurate data. Consequently, more number of organizations will be encouraged to adopt supply chain analytics to increase their profitability and promote improved decision-making.

Big data in the supply chain

Supply chain management generates a large amount of data on a daily basis. Interestingly, in most cases, companies are unsure of what to do with this data. But as the industry moves toward seamless integration of advanced supply chain analytics, it will be crucial to put all that data to work. By relying on big data solutions, companies will be able to make better use of the data in-hand and convert this big data into ‘smart data’. Smart data will help identify the business problem, determine the source of data to solve the problem, and then finally use it for gaining the desired solution.

Hybrid supply chain strategy

Though initially, organizations started moving to a lean supply chain approach, the increasing complexity of the supply chain has prompted companies to gradually move to an agile approach. However, smart players are now adopting a hybrid supply chain management strategy. This will further facilitate better supply chain analytics as companies can now not only predict possible complications more accurately but also react to the unexpected more effectively.

To know more about the opportunities and challenges and supply chain analytics and tips to ensure better supply chain management

Secret Tips to Boost Your Supply Chain Visibility

Ignorance is not bliss! Being unaware of parts, components, and products in transit within a supply chain can be devastating. Organizations should use supply chain visibility to improve and strengthen the supply chain by making the necessary data available to all stakeholders and customers. Supply chain visibility also promotes quick response to sudden changes by allowing the privileged users to take corrective actions and reshape demand or redirect supply. Providing an accurate and real-time picture of supplier inventory levels and demand signals, helps the company to meet compliance goals. Although the need for supply chain visibility has been established, few companies still struggle to properly implement it. Here are some supply chain visibility tips to help you optimize your supply chain:

Reduce stocking point

Having multiple stocking points within the distribution channel can diminish supply chain visibility. What happens is instead of having a look at one figure for one SKU, companies with multiple stocking points suffer from multiple data of the same SKU. A quick fix to tackle such a problem would be to reduce stocking points and avoid information overload.

Shorten pipeline

Outsourcing and global sourcing is a common modern business practice. However, as the number of members in the supply chain increase, so does the time taken for information to flow from one end to the other. As a result, it hampers supply chain visibility. Companies can use intermediaries such as trading companies, 4PL providers, and international procurement office to shorten the pipeline. Supplier rationalization can help in reducing the supply base and contribute towards increasing visibility.

Find the bottlenecks

Why is it not possible to see anything and everything that is happening in the supply chain? It is because bottlenecks exist in the certain process, which can result in quality issues or high downtime. Finding the bottlenecks in the production facilities can save you time and resources.

Smooth ordering

A bullwhip effect is the most challenging phenomena to deal with in a supply chain. Small changes in the inception of a supply chain can create huge gaps at the end. Order batching or excessive promotions at the end of the quarter can create a ‘peak and valley’ demand pattern that is arduous for supply chain managers to handle. In such a case, using annual contracts or blanket orders will help manage demand with much flexibility.

Avoid safety lead times

In a classic material planning setting, safety lead times are often used to compensate variability in lead-time. For every step of the order cycle, extra lead time is added. For instance, for safety purpose, companies usually add 2-3 days of possible delay time in customs clearance. It creates conflicts in the lead-time information system and supply chain managers cannot claim an accurate lead time with certainty.

Apart from these tips, companies should invest in the multi-skilled workforce and empower employees to make decisions by simplifying rules and business processes. Investing in agility can greatly contribute towards supply chain visibility.

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

What does supply chain visibility mean for your business? Going by the definition, supply chain visibility is all about knowing where inventory is at any given time, and how well parts, components or products in transit can be tracked as they move from the manufacturer to their final destination. The ultimate goal of supply chain visibility is to improve and strengthen the supply chain by making information readily available to all stakeholders. This would enable a quick response to any errors or changes in the SCM. It means that the demand can be reshaped, and supply redirected whenever, and however, it is necessary to do so. Gone are the days when a handful of specialists and a proper enterprise resource planning (ERP) system could make sure that products are manufactured and delivered efficiently to customers. Globalization, rising competition, and the growing market complexities have broadened the difficulty for companies to keeps tabs on their ever-expanding supplier networks. Gaining supply chain visibility is a challenging task, but also more critical today than ever before.

Importance of Supply Chain Visibility

Rising complexity of SCM

Several companies today operate on a global scale and use various mode of logistics and shipping to serve their customers. In this case, having a good supply chain visibility is essential to track the supplier network activity accurately and manage SCM efficiently. But even if your company may not have to deal with the global demand and supply, there is a good chance for your supply chain to become extensive and complex. Proper communication and the ability to make quick and informed decisions could be a challenge. In this case, the best solution to boost supply chain visibility may be to invest in a cloud technology that is capable of managing big data or to work with a logistics company that specializes in transportation management.

Meeting customer demand

Today, customers have more options than ever before. This puts them at the liberty to demand more. Modern customers expect shorter cycle times and will be less tolerant of late deliveries or mistakes. To meet such high demands, companies need a transparent, more efficient supply chain, and a better flow of data and information. A system that provides a comprehensive supply chain visibility will help create better consistency in identifying SKUs, measuring units, and enforcing timelines.

Compliance with regulatory demands

Supply chain visibility tools help companies track the constantly changing landscape of government regulations and compliance. This is especially useful for companies who operate on a global scale in managing the complexity of trade agreements and government tariffs. Furthermore, companies can better anticipate and respond to new regulations in the industry and in terms of transportation used.

Facilitates Forecasting

To make the most out of supply chain visibility, proper information-sharing, analysis, collaboration, and decision-making are vital. Companies must have a team that can dissect information, communicate with suppliers and business partners, and model different outcomes. This analytical approach to data will not only improve your supply chain performance today; it will help companies to anticipate the future.

To know why supply chain visibility is vital for your business

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

The client- A renowned medical equipment manufacturer
Area of engagement- Supply chain visibility

Despite the global uncertainties and sluggish economic growth, the demand for medical equipment has witnessed considerable growth – owing to the increase in GDP, government support, and increase in the per capita income. With the rising government effort to increase medical coverage, the companies in the medical equipment industry are focusing on investing in innovations to reduce healthcare spending and improve the healthcare efficiency. Although technological innovations are driving the growth of the medical equipment industry, the industry is expected to face certain challenges, which include:

Ensuring product quality: In the healthcare industry, medical equipment manufacturers should offer top-notch quality products to avoid issues related to product recalls. For a medical equipment manufacturer, product recalls can have a negative impact on the brand reputation and the overall company’s bottom-line performance. So, to counter these challenges, medical equipment manufacturers should ensure product safety and security in their product offerings.
Cost of product development: As regulations become stringent, the cost of production increases, making it essential for the manufacturers to invest heavily in research and development. Besides technology, medical service providers should evaluate new ways to offer and market their products to improve sales.

To counter these challenges and improve the efficiency of their supply chain, organizations are utilizing supply chain visibility solutions. In the medical equipment manufacturing space, gaining supply chain visibility can help manufacturers achieve better transparency into the supply chain right from the adherence to regulations to on-time delivery of the products. In addition, improving supply chain visibility also helps medical equipment manufacturers gain accurate and real-time insights into the inventory levels.

The Business Challenge

The client, a renowned medical equipment manufacturer, wanted to reduce their lead times and improve the supply chain efficiency. With the help of our supply chain visibility solution, the medical equipment manufacturer wanted to orchestrate the end-to-end supply chain from suppliers to the customers. The primary objective of the client was to improve the supply-demand balancing to meet the surges in demand efficiently. In addition, the medical equipment manufacturer wanted to streamline their supply chain process and reduce business and supply chain risks.

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The Solution Benefits and the Business Impact

The supply chain visibility solution offered by Quantzig assisted the medical equipment manufacturer to improve lead times and enhance their business performance. The engagement helped the medical equipment manufacturer identify shortage and eradicate problems in the supply chain. The supply chain visibility solution also offered granular insights into the medical equipment manufacturing space in terms of the true cost of products. Additionally, the medical equipment manufacturer was able to effectively respond to production bottlenecks while improving agility in the supply chain operations.

Supply Chain Visibility Solution Predictive Insights

Quantzig’s engagement helped the medical equipment manufacturer acquire real-time and precise information regarding the stocks, orders, and deliveries. The medical equipment manufacturer was able to reduce lead times and improve their competitiveness in the market. The engagement also offered more consistency in identifying SKUs, measuring units, and enforcing timelines. The medical equipment manufacturer was able to handle the materials, inventory, and transportation better.

To know more about how our supply chain visibility helped the medical equipment manufacturer

Quantzig’s Supply Chain Analytics Helps a Prominent Retail Client Bridge the Demand-supply Concerns

The client: A prominent retail client
Area of engagement: Supply chain analytics

The global retail industry is witnessing a stipulated growth with the rise in GDP growth, burgeoning population, and increasing consumer spending. The industry comprises of establishments who are engaged in selling commodities for household consumption. With the recent economic recovery, prominent retail stores are finding ways to offer authenticity and convenience to cater to the growing demands of the customer segments. Moreover, in this customer-driven economy, it becomes essential for the retail stores to reinvent their business models to stay relevant in the current competitive marketplace. Additional factors such as urbanization, technological growth, and increasing demand for products will influence the growth of the retail space. Although the retail stores are witnessing promising growth due to the presence of numerous competitors, several factors may influence the growth of the sector. These include.

High degree of competition: The recent years have witnessed considerable growth in the number of players offering a differentiated set of products. As price is a factor for the consumers, organizations are facing pressures to maintain pricing efficiency by delivering products at affordable costs. With the presence of numerous competitors, consumers have the option to choose from the player that promises quality while compromising on the costs.
Lack of effective supply chain: For major retail stores, supply chain becomes an essential tool to keep track of the supply of their products and ensure that the goods are reaching out to the audiences in an agile and seamless manner. Prominent retail stores are also facing the need to maintain better visibility into their supply chain right from the manufacturing to the distribution of products.
The rise of e-commerce giants: Today, major e-commerce retailers have become tough competitors for the physical retail stores. With the e-commerce platforms offering convenience and agility in their purchasing process, consumers can have access to the products easily. This can greatly affect their in-store buying behavior as compared to online stores purchases.

To effectively bridge the demand-supply concerns and offer more reliable services to the customers, supply chain analytics solutions have started gaining popularity among retailers. Supply chain analytics involves the use of analytical methods and techniques to design and manage their supply chains.

The Business Challenge

A prominent client with retail stores spread globally, wanted to understand the pricing pressures and develop efficient supply chain strategies to serve the needs of their customers. The client wanted to improve their logistical capabilities while maximizing overall profitability. Through a reliable supply chain analytics engagement, the client wanted to analyze the level of uncertainty associated with the supply of products and improve the forecasting capability to remain abreast of the customer’s needs. The primary objective of the supply chain analytics engagement was to gain end-to-end visibility into the supply chain and help identify the best suppliers to improve supply efficiency.

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The Solution Benefits and the Business Impact

The supply chain analytics solution offered by Quantzig assisted the client in assessing and identifying the top performing suppliers based on the key performance indicators. The client was able to make accurate shipments, on-time deliveries, and process payments on time. Moreover, the solution also helped the client’s retail stores to fine-tune their existing supply chain to improve savings and efficiencies. The supply chain analytics solution also helped the client leverage the use of predictive modeling and machine-learning techniques to anticipate the customer’s demand and accordingly adjust their inventory levels.

Supply Chain Analytics Predictive Insights

Quantzig’s supply chain analytics solution helped the retail store understand the current state of their supply chain and identify the typical risks associated with the supply in terms of purchasing overlaps and prices. The client was further able to gain standard metrics for comparing the performance of their supply chain as compared to the industry counterparts.

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How will Big Data Analytics Reshape the Supply Chain and Logistics Function in an Organization?

Big data analytics is a much-hyped topic in the world today. Almost every industry is looking for ways to incorporate big data and advanced analytics to help improve their business operations. The supply chain and logistics industry is no exception to this trend. The massive amount of data generated by a company’s supply chain and logistics function can be fruitfully used to generate meaningful insights and give strategic direction to the company. A majority of C-level executives have already begun looking for ways to incorporate big data analytics into their supply chain systems. Big data can significantly improve productivity and efficiency in supply chains and provide an edge over the competitors. Additionally, big data can also help companies identify new business opportunities. So, how and where can big data be used in the supply chain and logistics function?

Supply chain traceability

One of the most critical success factors for a supply chain is the ability to pinpoint where the products are in the supply chain. Advances in digital technologies along with barcode scanners and RFID devices have enabled supply chain managers to precisely track where in the supply chain their products are located. Additionally, traceability is also a sensitive matter in the food industry as factors such as disease outbreak, chemicals used, and processing systems should be attributed to responsible parties. To track down where exactly the fault has occurred in the food supply chain, traceability is a must to know where the items originated and what processing took place at each level. This way, food and beverage sector companies can not only avoid hefty fines but also ensure customer satisfaction by providing safer and healthier food. Such sensors technologies, along with IoT and big data can enable end-to-end traceability, which helps the company quickly identify the instances of food contamination.

Efficient procurement

The volume and quantity of data generated by the procurement department are immense. Processing such data with machine learning and optimization algorithms can help uncover patterns and associations amongst the datasets to make both strategic and tactical procurement decisions. Spend data, contract data, and supplier related data can provide detailed information on the supplier and help identify the ideal vendor. Additionally, mining historical data can unveil future trends and also help identify risks including supplier risk, pricing risk, compliance risk, geographical risk, and disaster risks. Predictive analytics helps the procurement teams to be prepared for a future scenario.

Optimized logistics network

Big data can help the logistics industry players to optimize travel routes due to the advent of IoT and sensors technology. Today, it is possible for vehicles to communicate with each other using vehicle telematics to coordinate on best routes and alert on less desirable routes. The vast amount of data regarding routes preferences, type and size of the vehicle, traffic densities, and weather conditions can provide clues to improve driving performance, determine the exact delivery time, and identify & minimize risk areas.

Improved warehousing efficiency

A warehouse is a piece of real-estate where companies store their valuable commodities. And with all such real-estate, the problem is it costs too much money, not only the rental or lease costs, but also facility management costs. Big data can help supply chain managers to maintain an optimum level of inventory just to the point that they face fewer stockout situations without overstocking the inventory. The power of big data is not only limited to stock optimization, but it can also suggest where to strategically place warehouses, what the optimum size should be, and how to arrange the stock to facilitate easy check-ins and dispatch.

To know more about applications of big data in supply chain and logistics network, warehousing efficiency, procurement efficiency, and supply chain traceability:

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

The client: healthcare industry player
Area of engagement: Supply chain visibility

In recent years, the spending on healthcare is witnessing a radical increase and stakeholders in the healthcare space are facing the need for technology and operational efficiency to address the social determinants of health. The global healthcare sector comprises of segments including pharmaceuticals, medical devices, medical imaging, and healthcare IT. Also, with the recent shift from a volume based to the value-based environment, healthcare providers are facing the need for deploying innovative care delivery models to meet the relentless demand among the consumer segment. Moreover, the healthcare sector is witnessing promising growth owing to the introduction of digitization as a part of the healthcare system. The industry at large is influenced by factors such as:

Increasing spending on healthcare: The spending on healthcare is increasing owing to the presence of macroeconomic factors such as increasing aging population and the growing prevalence of chronic disorders. To meet the rising needs of the end-user segments, organizations are facing pressures to bring about clinical innovations and enhance their service levels in the healthcare sector.

Innovations: Leading organizations in the healthcare sector are concerned about offering advanced medical assistance while compromising on the costs. To address such concerns, leading businesses have to rely on R&D and innovations to target prevention, monitoring, and treatment to improve healthcare outcomes and reduce costs.

Regulatory compliance: As the services involved in the healthcare sector are a matter of concern for patient health and safety, governments across the globe are strictly imposing regulations on the quality, safety, and efficacy of drugs and medical devices. Also, with the rising availability of counterfeit products, it becomes essential for the government authorities to go beyond the normal compliance and ensure proper regulations before meeting the target requirements.

To address these challenges and reach out to the end-user segment in a seamless and agile manner, leading organizations are utilizing supply chain visibility solutions. Supply chain visibility ensures better transparency into the supply chain activities right from sourcing to the customer delivery. Moreover, organizations can quickly adapt their logistic plan to the current demands and combat additional supply chain risks such as supply disruptions.

The Business Challenge

A renowned client in the healthcare sector with services spread globally wanted to emphasize on the prompt delivery of treatments by assuring the quality of the products delivered. The client also wanted to gain better visibility into their supply chain process from the supply stage to the end customer delivery. Moreover, with the help of supply chain visibility, the client wanted to maintain a complete picture of the inventory in the supply chain and analyze the profitability of the products. The primary concern of the client was to identify and eliminate delays of the products and reduce variability. In addition, the client also wanted to improve the product profitability by identifying and eliminating wasteful processes.

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The Solution Benefits and the Business Impact

The supply chain visibility solution offered by Quantzig helped the client gain real-time visibility into the supplier production rates, shipment lead times, and customer sales projections. The solutions also helped the client spur efficiency while lowering inventories and improving fulfillment rates. The supply chain visibility solution also sought ways for the healthcare sector client to proactively alert customers about the product’s availability and improve on-time delivery and reduce the overall time to the market. Moreover, the solution also offered greater reduction in the working capital in terms of the fixed and variable costs.

Supply Chain Variability Predictive insights:

The solution offered by Quantzig helped the client offer affordable and effective healthcare products with utmost quality. The solution also improved access to the healthcare by reducing drug and device shortages. Furthermore, the supply chain visibility solution also ensured safety by making it harder for the counterfeit products to enter the market.

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

In the healthcare sector, consumers’ preferences are changing, and the customers are looking for fast, cost-effective, and convenient care options. With the growing popularity of healthcare retail, the number of retail clinics is expected to increase in the coming years. With customers becoming more informed than ever before, it becomes vital for businesses in the retail space to improve the supply chain visibility – right from the manufacturing stage to their final destination. In the healthcare retail space, supply chain visibility helps businesses streamline their logistics plan to combat issues pertaining to disruptions and supply chain complexity. In many large organizations, managing inventory becomes a primary concern. Supply chain visibility can address this issue by maintaining an all-transit inventory. Moreover, effectively gauging the supply chain visibility helps retailers gain real-time information about the production status and determine the actual costs of the products. In this patient-centric environment, supply chain visibility helps businesses compare the performance of the products.

To effectively address the market challenges, leading healthcare retail clients are approaching renowned solution providers such as Quantzig. Quantzig’s supply chain process is tuned to provide a seamless and efficient flow of materials. The solutions offered by Quantzig help businesses reduce potential bottlenecks associated with supply chain and improve lead times and the overall performance. Leading businesses in healthcare retail can further identify shortage and quality problems in the supply processes.

The Business Challenge

A leading healthcare retail client was facing certain predicaments reducing costs and improving operational performance. The client wanted to identify best practices in revenue management and improve profit margins to enhance visibility and reduce supply chain complexity. With the help of our supply chain visibility study, the client wanted to enable faster and more efficient responses to changing customer demands. The primary concern of the client was to reduce costs associated with the supply chain and inventory management. Furthermore, the healthcare retail client wanted to outsource, optimize, and manage logistics services in an efficient manner.

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Benefits of Quantzig’s solution

The solution offered helped the client address issues pertaining to logistics and combat supply chain complexities and disruptions. The engagement also focused on identifying shortage and quality problems to improve lead times and performance. Moreover, the engagement completely focused on identifying the visibility blind spots to respond to disruptions in a timely manner. The engagement also focused on satisfying the future demand of the customers in an effective and efficient manner.

Additional Benefits of Quantzig’s Engagement Include:

Gained a unified view across the enterprise and gained an accurate understanding of current business realities
Retail players were able to expand their service portfolio and enhance patient experience
Identified the bottlenecks in the healthcare retail space and revamped the continuum of care

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12 Next →

Benefits of Supply Chain Analytics

What is supply chain visibility?

Importance of having visibility in supply chain operations

Bigger and complex supply chains

Internet of Things (IoT)

Data unification

Big data in the supply chain

Hybrid supply chain strategy

To know more about the opportunities and challenges and supply chain analytics and tips to ensure better supply chain management

Reduce stocking point

Shorten pipeline

Find the bottlenecks

Smooth ordering

Avoid safety lead times

Importance of Supply Chain Visibility

Rising complexity of SCM

Meeting customer demand

Compliance with regulatory demands

Facilitates Forecasting

To know why supply chain visibility is vital for your business

The Business Challenge

Want to learn more about our analytical solutions?

The Solution Benefits and the Business Impact

Supply Chain Visibility Solution Predictive Insights

To know more about how our supply chain visibility helped the medical equipment manufacturer

Related posts:

The Business Challenge

Want to learn more about our supply chain analytics solution?

The Solution Benefits and the Business Impact

Supply Chain Analytics Predictive Insights

Want to know more about the benefits of supply chain analytics solutions for the retail sector?

Related posts:

Supply chain traceability

Efficient procurement

Optimized logistics network

Improved warehousing efficiency

The Business Challenge

Want to learn more about our analytics solutions?

The Solution Benefits and the Business Impact

Supply Chain Variability Predictive insights:

To know more about supply chain visibility solutions

The Business Challenge

Want to know how our analytics services helped the healthcare retail client?

Benefits of Quantzig’s solution

To know more about how we helped the healthcare retail client?

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