Unlock the Power of Supply Chain Analytics
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The document discusses the critical importance of supply chain analytics, especially highlighted by challenges during the pandemic when many businesses failed to manage their supply chains effectively. It emphasizes the need for seamless communication and integration among various supply chain participants to minimize inefficiencies, advocating for the use of platforms like Boomi Atmosphere for real-time visibility and analytics. Descriptive and predictive analytics are outlined as tools to understand past performance and forecast future supply chain issues, allowing businesses to enhance their strategies and operations.
Unlock the Power of Supply Chain Analytics
- 1. 1 Unlock the Power of Supply Chain Analytics: How to Make the Most of Your Data
- 2. 2 Introduction It’s probably fair to say that pre-pandemic, the average consumer thought very little about supply chains. That is until store shelves that used to stock toilet paper and other essential items stayed bare for weeks.
- 3. During the height of the pandemic, businesses that could not effectively manage, or perhaps salvage is the better word, their supply chain was soon out of business. The supply chain is the artery through which everything flows, from businesses to consumers or other companies. A smoothly functioning supply chain means good sleep for managers and better access for us to all that we need, when we need it. 3 A Smooth Supply Chain is Essential to All Businesses
- 4. A supply chain requires coordination between several single firms such as manufacturers, retailers, wholesalers, warehouses, and transporters, etc. The new age supply chain also has multiple tiers. For example, a manufacturer will have many tiers of suppliers, who, in turn, will have their own supply chains and they are all inter-connected. The bigger the supply chain and the more tiers of suppliers it comprises, the more complicated the interactions and coordination between participants are. 4 A Supply Chain Has Many Moving Elements
- 5. When suppliers work in silos, interactions occur via phone or email. This inefficiency increases by leaps when it takes over interactions across all the supply chain tiers. Addressing requests could turn into bottlenecks especially when conflicts of interest arise between tiers of suppliers. 5 Manual Processes and Slack in Integration are Communication Barriers Between Suppliers
- 6. Using the Boomi AtomSphere platform to connect customers and supply chain vendors provides near real-time visibility of supply, demand, inventory levels, shipping notifications, invoicing, and payment status. You are no longer waiting four to seven days to send a purchase order by email and then wait for an acknowledgment only to find that your order will just be partially filled. 6 Supply Chain Vendors Connectivity Through the Boomi AtomSphere Platform and the Snowflake CDP
- 7. Descriptive analytics tell us what happened with products or suppliers during the last week, month, year, five years, and so on. Predictive analytics uses the outcome of descriptive analytics to make informed predictions about what is likely to happen in the future. This can help determine go-to-market strategies and tactics and the most likely occurrence of supply chain failures. 7 Supply Chain Analytics – Descriptive and Predictive
- 8. Jade Global is Boomi Certified Platinum Partner specializing in enterprise-grade solutions for all types of integration platform as a service (iPaaS) needs, we work closely with Boomi to deliver complex yet, cost-effective Boomi integration solutions that help customers accelerate business agility and achieve rapid digital transformation. 8 About Jade
- 9. 9 Headquarters 1731 Technology Drive, Suite 350 San Jose, CA 95110, USA Phone +1-408-899-7200 Email info@jadeglobal.com Website www.jadeglobal.com USA I CANADA I UK I AUSTRIA I INDIA www.jadeglobal.com THANK YOU To Know More About our Services, Visit: https://www.jadeglobal.com/boomi
- 10. 10 Headquarters 1731 Technology Drive, Suite 350 San Jose, CA 95110, USA Phone +1-408-899-7200 Email info@jadeglobal.com Website www.jadeglobal.com USA I CANADA I UK I AUSTRIA I INDIA www.jadeglobal.com Read Blog https://www.jadeglobal.com/blog/unlock-power-supply- chain-analytics-how-make-most-your-data