9. Supply Chain Analytics and Reports
In addition to analyzing consumer demand and your suppliers‘ performance, SCM
solutions perform analyses of your data from the entire supply chain. Supply chain analysis tools
allow users full visibility not just into the physical location of inventory, but also into the health
and performance of the company. Analytics can provide insight into the company as a whole or
into individual sectors. Demand forecasts give visibility into the popularity of certain items,
whereas warehouse analysis might tell you the most efficient way to store and move that
product. SCM software also allows users to analyze order processing which can uncover the
source of delays and errors. Additionally, users can analyze transportation and logistical
processes.
This helps decision-makers understand how well carriers are performing along with patterns of
delay and error. All of this visibility gives users the means to improve their processes while
retiring less useful methods.
Analytics must be conveyed in the form of a report. Different solutions may offer
different reporting methods, including tables, charts, dashboards and more. Dashboards are one
of the most common methods, as they offer quick information as soon as a user logs into the
system. Supply chain dashboard software can be configured to show the most relevant key
performance indicators (KPIs) as determined by the user.
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