Supply chain business intelligence has gone beyond just being a buzzword because data now plays an important role in business decision making. Real time business intelligence in supply chain analytics are an important aspect of everyday decisions as well as staying ahead of any emergencies or malfunction. Supply chain management can be a tedious process but business intelligence has facilitated the handling of layered processes.
When we look at the supply chain processes, there is a lot more involvement of business intelligence than just decision making. First, the supply chain business intelligence involves gathering insights on how teams and machinery is performing, arranging them in reports, managing incoming data and maintaining integrity.
Moreover, you would also need a business intelligence supply chain to manage procurement and logistics schedules. Whatever industry you are catering to, supply chain business intelligence is the way to help management at every level improve their daily processes so they can meet their KPIs.
For supply chain management, dashboard and reporting tools are used for managing their customer journey as well. It starts with managing leads, tracking their details once they have made a purchase, and then scheduling their delivery process till completion. This is another way the business intelligence supply chain is used. This allows multiple departments to work together including sales, customer support, logistics, and the delivery management. Now, imagine managing all of these processes with excel sheets. Sounds tiring, right? With dotnet report, our reporting dashboard can simultaneously sync and allow users to view and edit your reports for live updates.
You can ask any manager and they will tell you how they have to manage reports and incoming alerts from every department. Based on these insights they have to make wise decisions. We cannot imagine in today’s world where developers are sitting at their desk to develop reports and then sending them to management for further action. This is why dotnet report is the best choice for businesses to manage their reporting tasks with our ad hoc reporting tools. Using an automated reporting and analytics tool will drive your supply chain growth. Here’s why. According to Markets and Markets, business intelligence software use and market size is going to reach $33 billion by 2025.
The role of real time business intelligence in supply chain analytics
We have gathered the holistic view of what supply chain business intelligence pertains as a whole. However, the role of business intelligence at every level might look different. This is why we have gathered how the business intelligence supply chain works at an operational level.
Different processes that involve supply chain business intelligence include:
- Inventory management
Probably described as one of the most crucial aspects of the supply chain, inventory management involves managing your stocks. The volume in which your stock is managed and ordered depends on a number of factors. Sometimes customer demands dictate them and you have to track the customer behavior so your inventory management never runs out of the desired product. Business intelligence will help you keep track of all of your inventory on top of tracking your consumer behavior while they are shopping online.
On the other hand, supply chain business intelligence also offers better insights of the market trends and how your competitors are performing. This will allow your management to make better decisions for the future of your procurement and development schedules. This in turn also affects how you schedule your trade operations, your profit goals, customer service, and warehouse management of how much stock is needed at different locations.
- Vendor and supplier communication
With your inventory managed with business intelligence tools, vendor and supplier communication is essential for a successful supply chain management. Vendors and suppliers are now working with reports and visualized data charts to stay ahead of inventory needs. Suppliers are contacted and deliveries are scheduled depending on what the data forecasts dictate so inventory management never runs out of stock. Vendors and suppliers also use data reporting tools to keep track of customer orders across all delivery channels, pending orders and forecasts of how much customer influx is expected.
The use of real time business intelligence in supply chain analytics allows management to overcome issues like market resistance, better inventory management, financial forecasts, better communication between different departments, and meeting consumer demands.
- Managing distribution channels
In the supply chain, there can be multiple distribution channels to manage. Managers use dashboards and reports to keep track of orders shipped everyday and how many orders are lined up for every day schedules. Managing distribution channels goes beyond delivery orders in different areas. It also involves keeping track of your inventory, warehouse storage cycle, and logistics of how each distribution channel functions.
Only with proper communication and plans in place can every distribution channel successfully manage their orders. This is where business intelligence comes into play. With real time updates on each order status, the inventory, sales department and warehouse can be updated regarding an order. Now, imagine simultaneous updates on each order reaching their respective departments without moving a finger.
- Tracking KPIs
While supply chain managers and their teams are not worrying over receiving and sending constant updates, they can focus on what really matters. That is their business performance and even that has been made easy with business intelligence and reporting tools. With tools like dotnet report you can create charts for managing and keeping track of performance indicators, return on investment, incoming profit on daily sales etc.
Keeping track of every department from their computer screen is what every supply chain management team is doing nowadays. Creating actionable insights on your dashboard to tweak and implement supply chain strategies is an assured way of enhancing performance. Today, businesses like to stay two steps ahead. Supply chain business intelligence has made this process hassle free. Now, we would like to introduce you to an agile reporting and analytics tool to enhance your data management and visualization.
How does dotnet report work for supply chain business management?
Data management is an important aspect of any supply chain business management. Whether it is managing incoming updates from different warehouses, managing inventory, statistics from distribution channels, or keeping track of your performance indicators, every chain of this business is generating data. This data should enable business managers to make better business decisions.
With Dotnet report, at any stage of the supply chain you do not have to write code to generate reports. Our intuitive dashboard allows a holistic view of all of your reports. On the other hand our ad hoc reporting tools offer scheduling reports, exporting PDF files, rendering reports, and automatically drill down reports. You can present your data and statistics in many ways including reports, charts and graphs. The best part is that you can schedule your reports to be emailed and never have to worry about emailing important emails ever again.
We believe dotnet reports make for an ideal way for incorporating the agility of machine learning into your supply chain processes because you can add multiple users and simultaneously use the same database and even restrict use for security purposes. All of these features pertain to how we have helped users customize dot net reports to be customized according to their needs. You, too can start your journey to improving your supply chain management process with our reporting solution. Let’s start with a demo or a talk over your quote today.