Data does not equal information. Business analysis, planning, communication, and decision-making based on inadequate data will usually produce less-than-excellent results.
Moving past data to valuable information requires a robust data warehouse, business intelligence tools to slice and dice data and generate reports, and analytical tools to extract data, analyze trends, and uncover opportunities.
Further, in order to bring as much value as possible, the data warehouse that provides the basis for creating business intelligence must be timely, relevant, objective, thorough, integrated, and accessible. Once these data requirements are met, best-in-class reporting can be achieved.
Business reports are essential for effective communication of supply chain health, performance, statuses, and trends. Best-in-class reports must be tailored to business needs, flexible, convenient, and timely.
Variation and Out-of-Stock Causes - Video
Dan Gilmore of Supply Chain Digest and Greg Holder CEO & Founder of Compliance Networks discuss the impact of out-of-stocks and how to address them
Benchmarking - Video
Camille A. Fratanduono, Vice President, Merchandising Operations, The Pep Boys - Manny, Moe & Jack and Dan Gilmore of Supply Chain Digest discusses how benchmarking is the first step in improving supply chain performance.
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"Where does the supply chain executive start in their quest to influence margin performance? While opinions will vary where the best place to start is, most will agree the desired outcome is a more predictable and consistent supply chain."
Vice President, Sales and Business Development
“Poor judgment and uninformed assumptions result in market miscues, setbacks, mediocre performance, politicized cultures, demoralized workers, and workforce reductions.”
7 Habits of Highly Effective People