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Supply Chain Analytics: Myth or Reality?

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Hailey Lynne McKeefry
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Re: Analytics is a Reality
Hailey Lynne McKeefry   5/14/2014 7:42:17 PM
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I think getting all the stakeholders at the table is important--adn building a business case that proves that analytics move the organizatoin forward in terms of key supply chain  objectives (shorter lead times, lower prices, more compliance to contracts, etc.) that can be traced to measureable business goals (in terms of products, supplier relationships, etc.). I think that one of hte biggest challenges; useful data is spread across the enterprise in a variety of systems and would be made even more useful if brought together and analyzed--but folks just don't keep track of where everything is. As we get better at it, too, good data security practices (both for data in motion and at rest) are going to be critical. Two sets of harmless information when brought together can potentially create information that would create a rich target for hackers.

lamarwilliams
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Re: Analytics is a Reality
lamarwilliams   5/14/2014 10:19:02 AM
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The next step in this situation is education, as is with everything that is new. It is all based on getting the appropriate stakeholders behind predictive solutions, and then working with them to instill those ideals into their teams. What are your thoughts? 

Hailey Lynne McKeefry
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Re: Analytics is a Reality
Hailey Lynne McKeefry   5/13/2014 12:59:41 PM
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@lamarwilliams, thanks for chiming in on the discussion! I agree with all that you say...and i would say being first to know is even more than necessary...it's vital and may be the difference between success and failure of a a business. In not too distant future, we'll get to a point of predictive anaytics being table stakes and a bit further down the road, automation of business dealings is likely to happen. In five years, it will be a whole new world.


What's the biggest challenge ahead of us do you think?

lamarwilliams
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Analytics is a Reality
lamarwilliams   5/12/2014 9:12:38 AM
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It is great to see such a healthy discussion on the role that analytics is playing in the supply chain today and in the future. I would just add that the increasing need for solutions that address the unpredictability in the electronic supply chain is growing. And, similar to the use of data analytics in the consumer business to predict purchasing behaviors, manufacturing can now have the same power, but it is directed at component supply risk & pricing visibility. Don't you feel that being the first to know about the risk of supply shortages is necessary in such a volatile industry?

Hailey Lynne McKeefry
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Re: collecting data
Hailey Lynne McKeefry   4/21/2014 1:46:07 AM
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It depends on the size of the company and the size of the big data project, t.alex. I think that right now there's more need for expertise than expertise exists though.

t.alex
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Supply Network Guru
Re: collecting data
t.alex   4/19/2014 9:41:25 AM
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Hailey, for companies to make best use of the current data, do they really need to hire so-called big data scientists/engineers or they'd better go for outsourcing service?

Hailey Lynne McKeefry
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Re: collecting data
Hailey Lynne McKeefry   4/18/2014 12:06:12 AM
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Today, the average sourcing software, ERP system, corporate database, etc. is all fileld with useful and usable data--that when combined in different ways provides even more intelligence. We are already creating tons of data with existing systems. Most of it, though, isn't used to its full potential.

t.alex
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collecting data
t.alex   4/17/2014 6:39:43 PM
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How would a company generate and collect lots and lots of data so that it can be automatically analyzed at the backend?



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