"The Keys to Capturing and Leveraging Actionable Information"
Supply chain capabilities in the digital age center on better information management and analytics. Use of transactional systems, disconnected planning tools, and reports summarizing historical trends may have been adequate for the supply chains of the past but are unlikely to meet the insights and optimized planning needed today.
While companies still need transactional systems for supply chain execution, capabilities in areas such as supply chain analytics are drawing interest from enterprises. Actionable information supported by advanced analytics, algorithmic planning, and software that makes use of artificial intelligence (AI) promise to move supply chains from being reactive to proactive and predictive. To better understand this progression, it’s useful to know which information management capabilities supply chain professionals see as most important for the future, and the information gaps they are dealing with today.
This study’s intent is to quantify the information and analytics needs of supply chain professionals, as well as the current state of their systems. Sponsored by Logility, Inc., a leading provider of collaborative supply chain optimization and advanced retail planning solutions, and conducted by Peerless Research Group (PRG), the study is based on a survey of 95 top supply chain executives who are readers of Peerless Media’s Supply Chain Management Review. Among the issues the survey provides details on:
the challenges executives face related to improving margins, raising customer service levels and leveraging information to make effective business decisions
strategies for improving the accuracy and access to business-critical data
the importance of business analytics to supply chain operations of today and beyond.