Digital World

The growing vulnerabilities within supply chain management have underscored the need for supply chain data analytics . Supply chain data analytics plays a pivotal role in shaping the success journeys of organizations. Supply chain management involves myriad challenges, which only accentuates the importance of supply chain data analytics . Let us dig deep into how supply chain data analytics can benefit organizations. Mitigate Inventory Costs through Demand Sensing Supply chain data analytics can help organizations add value by gaining a clearer picture of their day-to-day operations. This is where predictive analytics comes into play for forecasting future demand. For a long time, organizations had to bank on past orders for estimating future demand, which means the decision-making of organizations was not aligned with future demand trends. Today, organizations can combine all their previous order data with real-time market analyses to create dynamic demand forecasts that pro...

Global supply chains had to endure a lot during the outbreak of Covid-19. Even before the arrival of the pandemic global supply chains was bogged down by long-standing challenges, and it will not be a sweeping statement to make if one says Covid-19 broke the back of even the most well-established supply chains. One thing that stood out amid Covid-19 challenging times is the importance of supply chain visibility. Supply chain visibility has become a matter of increasing importance for organizations across the globe. Organizations are cognizant about the fact that supply chain visibility holds the key toward delivering enhanced profitability, accelerated customer experience, and lower operating costs.One has to understand that exceptional, unforeseen events can challenge even the best of supply chains. To put it straight – no supply chain can claim that they have all the answers to such unforeseen events that crop up from time to time. Never before, access to real-time data has got s...