Page 10 - Logistics News - May June 2022

T H OU GHT L E A D E R SHIP
Data – the food

Da t a – the f ood
or y
our
for your supply
f

chain growth

By Arno Meyer arno.meyer1@gmail.com and
Aveshin Reddy aveshinreddy@gmail.com

How supply chain analytics can help companies build more efficient operations and save time
and money.

ay Bear was quoted saying: “We are surrounded A supply chain has a domino effect: each step in the
by data but starved for insights.” Although data network affects the one after it, and any issues at any
Jis not a novel concept, it is recognised as a critical stage can have an impact on the ability to meet customer
component of digital transformation. Data holds the key expectations. Supply chains involve a wide range of
to achieving incredible breakthroughs in supply chain activities, people and businesses, resulting in massive
management if wielded by a knowledgeable expert. data generation. This is where supply chain analytics
enters the picture.
Supply chain management is widely recognised as a
critical piece of the puzzle for business success because it Analysing the data
directly affects the ability to provide a positive customer Supply chain analytics is the analysis of data drawn
experience while accounting for many expenses that from various supply chain applications, such as supply
affect overall profitability. chain execution systems for procurement, inventory
management, order management, warehouse management
Businesses are looking for ways to make processes and fulfilment, and transportation management (including
faster, cheaper and easier along the lengthy path from shipping). Furthermore, supply chain analytics can
L O GI S T I CS NEWS important because supply chains have become dashboards, reports and visualisations that influence
transform vast amounts of data into easily digestible
raw materials suppliers to end users. This is especially
increasingly complex over time – companies are working
crucial decisions and lead to better outcomes.
with expanding international partners and facing the
intensifying pressure to deliver their products as quickly
This provides employees with a comprehensive view
as possible.
of the logistics network and allows them to comprehend

8 M A Y/JUNE 2022 www .l o g ist i csn e w s .c o .z a