Tap into the Power of Analytics
New ways of applying supply chain analytics can lead to dramatically higher levels of performance
Many companies today are aggressively employing analytics across different application domains of their businesses – including supply chain. Applying analytics in supply chain management is not a new idea. Yet, supply chain-related analytics activities have plateaued in many organizations in recent years. Other than the occasional re-tuning of supply networks that has principally focused on cost management, companies have not taken advantage of all that supply chain analytics can offer to their businesses.
In "Tap into the Power of Analytics," published in Supply Chain Quarterly, Fourth Quarter 2011, Tom Davenport, Senior Advisor to Deloitte Analytics and Jerry O’Dwyer, principal, Deloitte Consulting LLP, discuss the set of new frontiers in supply chain analytics that will lead to dramatically higher levels of performance, and what it will take to achieve these rewards. The authors describe new domains for supply chain analytics as well as the opportunities and primary obstacles for each. They also discuss several ways in which the day-to-day usage of supply chain analytics will likely change in the future.
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