Monday, October 6, 2014
SUPPLY CHAIN ANALYTICS
Analytics has much potential with SCM. Two good examples are segmentation and risk management. That data analytics is not used more may involve--not understanding what it is; too much of big terms like business intelligence; the need for domain expertise to complement it; its limitations with providing granular information; that SCM's scope is both internal and external (far beyond what traditional analytics is used for); SCM's extensive list of stakeholders inside and outside of the company; and how all this means using multiple data sources in multiple formats. We discuss this in our new article on supply chain risk management.