Managing Change: Using Analytics to Optimize Supply Chain Management Performance

submitted by Ching Yang on 06/16/14 1

In a fast-paced, highly competitive and global economy, organizations that manufacture can't afford lackluster performance. They need to be able to respond to change in customer and supplier demands while juggling operational efficiency without sacrificing quality. When the economy is as turbulent as it is, cost control, efficiency and agility are paramount. Organizations have invested millions in ERP systems and supporting applications to help them improve the transactional performance of their increasingly complex and global supply chain. But these systems don't deliver the true supply chain visibility and analytics that managers need. The business value of supply chain analytics is simple: it helps you understand your company's performance. It leads you to take action on recent information and creates a common context for decision-making across every department and at every level. It provides the insight your organization needs to optimize the supply chain, so you can anticipate problems before they happen, understand the reasons behind results and improve performance.

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