Planning and scheduling is one of the most important parts any supply chain. Get this wrong, and you’re going to lose a lot of money. Supply chain analytics provides better insights into inventory levels across different locations.
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OBJECTIVES OF THIS ANALYTICS SOLUTIONS
Build smarter supply chains from wherever you are
Benefits of supply chain Analytics
Intelligent embedded analytics can benefit every part of a supply chain operation.
Supply chain analytics helps you determine what stock you need in your supply chain. You can predict what’s likely to happen, so you can determine what items to buy, what items to discard, and what items you’ll need more of.
With supply chain analytics, you can examine past trends to predict what stock – and in what amount – your customers will require in the future. For each customer, you can see what items are selling well and what items didn’t sell well.
Supply chain analytics lets you optimize both the items you’re ordering and the overall ordering process. You can increase the number of on-time orders, decrease the cost of acquiring items.
You can see your orders and supply chain in real time and be alerted as soon as an issue arises. You don’t have to worry about where orders are, what’s happening with them, or whether you need to make changes.
With supply chain analytics, you can plan, forecast, and fully optimize your inventory so you don’t waste space or waste money with stock that may or may not be working the way it should.
With supply chain analytics, you can keep a close eye on inventory levels, noting where more stock will be needed and on what schedule. To discover who has the stock that you need and how you can avoid over stocking.
Supply chain analytics gives you much greater visibility into your trading partners activities and performance. You can see quickly which ones are delivering the most profitable business for you.
With INFOC for supply planning, control supply with real-time visibility and accurate forecasting.
Use Cases for Supply Chain Analytics
Supply Chain Analytics showcases some areas where analytics can drive supply chain efficiency. Also listed the metrics used in each scenario for measuring performance and making decisions.
Monitor your ability to deliver goods with the highest quality and monitor the efficiency of your shipment processes: On-time deliveries, Delivery duration, On-going deliveries. Get a transverse view on your top shipment KPIs, split by the dimension of your choice. Visualize how your shipment KPIs are evolving (Year, Month), visualize the quality of service you offer to your shipping recipients, visualize the performance of your shipment KPIs at city level.
In your shipment dashboard, you will be able to analyze the following KPIs
Shipments
total number of shipments
On-Going Deliveries
total number of on-going deliveries
Completed Deliveries
number of completed deliveries
On-Time Deliveries
share of on-time deliveries
The Supplier Quality Analysis report focus on one of the typical supply chain challenges. One of the important metrics that play in this analysis is total number of defects. The main objective of this report is to understand who the best and worst suppliers are, with respect to quality.
In your Supplier dashboard, you will be able to analyze the following KPIs:
Purchasing Volume
sum of purchase amount over the period
Purchase Quantity
Sum of purchase quantity over the period
Average Buying Price
Average price at which items have been bought
Volume per Supplier
average purchasing volume per supplier
Defect Quantity
sum of defect quantity over the period
On Time Delivery
On time delivery of goods
The Production Scraps report analyze your production scraps – top offenders, top scrap reason, scrap rate, cost-based and quantity-based. Visualize the evolution of your scrap rate, scrap quantity and produced quantity. They give manufacturers valuable business insights to meet their organizational goals.
In your Manufacturer dashboard, you will be able to analyze the following KPIs:
Actual Production Cost
Sum of Produced Cost
Completed Production Order
Count of production order where status is Completed
Early Production Order
Count of production order where status is Early
Scrap Rate
Scrap rate based on quantity and cost
Processed Cost
Total processed cost
Produced Quantity
Total produced quantity
Identify savings opportunities by finding supplier rationalization opportunities. Gain full spend visibility by analyzing expense across silos. Visualize how your performance is evolving (Year, Month), purchasing performance by items. Optimize your purchase strategy by quickly figuring out the number of distinct partners you have for the items you purchase.
In your Distributor dashboard, you will be able to analyze the following KPIs:
Average Buying Price
Average price at which items have been bought
Defect Quantity
sum of defect quantity over the period
Purchase Order Amount
Sum of purchase amount over the period
Purchase Order Quantity
sum of purchase quantity over the period
Inventory visibility enables an organization to combine inventory data with other elements to evaluate supply chain performance. With multiple partners frequently delivering to each warehouse, the company requires complete visibility across multiple inventory locations. Increase sales revenues by acting on most profitable products.
In your Retailer dashboard, you will be able to analyze the following KPIs:
At Stock positions
Number of at-stock positions
Carrying Cost
Inventory holding cost / inventory value
On-Hand Quantity
Quantity in stock
Out of Stock positions
Number of out-of-stock positions
Over stock positions
Number of over-stock positions
Orders per customer
Total orders / number of customers
Profit
Difference between sales and purchase amount
Purchase Amount
Total purchase amount
Get to Know More About Supply Chain Analytics
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