Subscribe to our free, weekly email newsletter!


New Interest in Supply Chain Analytics

By Francis J. Quinn, Editorial Director
September 13, 2010

Editor’s note: This item originally appeared in LM’s sister publication, Supply Chain Management Review.

Supply chain analytics. What is it and why is it creating a bit of buzz these days?

I’ve been thinking about this because the topic has been coming up with greater frequency lately—in conferences I’ve attended, in press releases from technology providers, and in several proposed articles submitted to Supply Chain Management Review. So in supply chain terms anyway, analytics certainly qualifies as a “Critical (hot) Topic.”

First off, what is supply chain analytics? It’s essentially a subset of the broader business analytics, which is the process of collecting, storing, and analyzing data in a way that enables better business decisions.  Supply chain analytics incorporates those same activities, but related specifically to supply chain data and decision making. Essentially, the analytics process enables you to use data in a way that enhances supply chain operations, customer and supplier relationships, and ultimately cost and revenue performance.

Not surprisingly, technology plays a huge role in analytics.  Given the myriad data points typically available, even a smaller company would find it difficult to do supply chain analytics with largely manual techniques.

Speaking with Jerry O’Dwyer of Deloitte Consulting recently, he commented on the emergence of what he termed “advanced analytics”—supercharged supply chain analytics, if you will. Advanced analytics involves sometimes millions of data points, he explained, often gathered from multiple locations around the globe. The patterns, trends, and other insights revealed through this analysis aids decision-making across the full supply chain spectrum—plan, source, make, deliver, return.

Powerful technology solutions lie behind advanced analytics applications, added O’Dwyer, who heads up Deloitte’s Sourcing and Procurement Services practice.  Then, of course there’s the human element.  You need people with the technical and operational know-how to apply the data to real supply chain situations. 

As to why, supply chain analytics is capturing more attention these days. In O’Dwyer’s view, it’s closely related to the economic upturn that is gradually (albeit sometimes haltingly) returning to most sectors.  Companies have maxed out on the cost cutting activities. Now they are thinking about positioning themselves for the growth ahead. So how to make the right decisions in this regard?  Supply chain analytics is a big part of the answer.

About the Author

image
Francis J. Quinn
Editorial Director

Francis J. Quinn currently serves in the dual capacity of editorial director of Supply Chain Management Review and Editor-at-Large of Logistics Management. Frank has been covering the transportation and logistics scene for close to two decades, having served for many years as editor of Traffic Management Magazine. He also has written a special supplement on logistics for Business Week and was a principal contributor to the book Supply Chain Directions for a New North America, prepared for the Council of Logistics Management by Andersen Consulting. Frank holds an undergraduate degree from Boston College and a masters degree from the University of Missouri School of Journalism. His service experience in the U.S. Army includes tours of duty as a magazine editor in Washington D.C. and a military intelligence officer in Saigon, Vietnam.


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

Non asset-based third-party logistics (3PL) services and logistics technology services provider Transplace said today that Brooks Bentz has joined the company in a newly-created role as president of Transplace Consulting in conjunction with the launch of the company’s new North American consulting services practice.

The advent of e-commerce continues to grow and gain increased traction over time. The many ways for consumers to order and purchase goods online continues to expand and leads to various subsequent byproducts of online purchases, including shopping through multiple channels, and delivery and payment options, among other things. These types of topics serve as the thesis in the second annual UPS Pulse of the Online Shopper Global Study issued this week by UPS and comScore Inc.

A major highlight of CEVA’s fourth quarter performance was its new business wins, which were up 14 percent for all of 2014, with Freight Management wins up 14 percent, and Ocean Freight and Air Freight wins up 30 percent and 14 percent, respectively, while Contract Logistics wins were up 2 percent.

When an industry is changing rapidly, companies must adapt in order to survive. In this whitepaper, a global publisher was seeking a partner that could mitigate risk and build a platform flexible enough for their shifting customer expectations. The solution enabled the company to rewrite their operations game plan and transform their supply chain.

Article Topics

News · Supply Chain · Deloitte · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA