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Home » Boosting the Supply Chain with Business Intelligence

Boosting the Supply Chain with Business Intelligence

May 30, 2013
SupplyChainBrain

AFN defines business intelligence as the task of taking vast amounts of data and boiling it down to the most relevant information for use either internally or by partners, says Malcolm. "The purpose is to get information that can be acted on and used to make decisions that will positively impact an organization."

Fundamental requirements for business intelligence include appropriate technology and analytical skills, he says. "Domain expertise is critical as well," he says, as are communication and collaboration. "It is one thing to look at the data and analyze it and prepare reports around it, but it is quite another thing to make those reports meaningful to our business partners and to other parts of our organization."

How companies use business intelligence for logistics decisions depends on the nature of their relationships with providers, he says. "A preferred provider may offer intelligence around mode optimization or mode selection, least-cost routing, shipment consolidation and compliance with safety regulations," he says. In an exclusive partnership, a logistics provide may contribute intelligence to support larger organizational decisions, such as when to enter or exit a new market vertical, when to set up or close down a specific business location and when to ramp up or lean down inventories to meet demand for products.

"Business intelligence can really be used to make change happen in the supply chain," says Malcolm. "It can be used to provide visibility and transparency to data and supporting metrics, enabling a better assessment of risk and a better return on equity and assets."

To view video in its entirety, click here


Keywords: supply chain, it supply chain, rfid, supply chain management, it supply chain management, supply chain management it, supply chain management scm, inventory management, inventory management it, 3pl, transportation management, third party logistics, logistics management, warehouse management, logistics & supply chain, logistics services, supply chain systems, transportation management systems, supply chain risk management

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Logistics Logistics Outsourcing Transportation & Distribution Inventory Planning/ Optimization Transportation Management Supply Chain Visibility Technology Global Supply Chain Management Quality & Metrics Supply Chain Security & Risk Mgmt All Warehouse Services Warehouse Management Systems
KEYWORDS 3PL AFN All Warehouse Services Eric Malcolm Global Supply Chain Management Inventory Management inventory management IT Inventory Planning/ Optimization IT supply chain IT supply chain management Logistics logistics & supply chain logistics management Logistics Management: Third-Party Logistics Logistics Outsourcing logistics services Quality & Metrics RFID RFID & Barcode SC Security & Risk Mgmt supply chain Supply Chain Analysis & Consulting Supply Chain Management supply chain management IT supply chain management SCM Supply Chain Risk Management supply chain systems Supply Chain Visibility Technology Third Party Logistics Transportation & Distribution Transportation Management transportation management systems Warehouse Management Warehouse Management Systems
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