Business Intelligence becomes a Top Priority

According to MarketWatch, a new report published by Aberdeen Group concludes that pervasive and role-based supply chain intelligence emerges as a critical factor for improving operational performance.

‘The only way to ensure that a company’s supply chain is able to adapt to continuous business changes fast enough is to establish an adequate level of supply chain intelligence.  This requires putting in place processes and tools to effectively monitor supply chain performance and notify specific process managers before problems turn into disruptions.’

My Thoughts…

Last week, I asked ‘What difference would it make to your company if you could immediately see if a ratio or number was headed in the wrong direction?’  Aberdeen’s answer ‘Put in place processes and tools to effectively monitor supply chain performance and notify specific process managers before problems turn into disruptions.’

Over the past couple of weeks I have been touting that ‘In order to make critical business decisions, decision makers need the right information at the right time and in the right format’.  Aberdeen says about Business Intelligence – ‘The cutting-edge supply chain Business Intelligence technologies are pervasive and role-based – they are embedded into the specific supply chain processes and can provide immediate intelligence to the process owners.  These capabilities should help uncover new revenue and savings opportunities with the help of advanced analytics.’

With the economy in its current state, we can easily see that most companies are looking for ways to cut costs.  Managing and improving your supply chain is one path to reduce costs.  While most business intelligence implementations rely heavily on looking at historical information, applying analytics to your solution can help you look forward.  Look forward to uncover new revenue and savings alternatives.

Blast out of this economic downturn as a winner – Provide your decision makers with the right information at the right time in the right format.

Your Thoughts…

What steps is your company taking to become one of the winners?