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Wednesday, November 27, 2013

Wholesale Distribution and Supply Chain Analytics

Supply chain analytics can lead to better performance, but many distributors aren’t even scratching the surface of what they can do.

A recent article from Data Informed on the Advanced Distribution Software website reports that nine out of 10 distributors are struggling to bolster their business. There are two main reasons for that trend: the inability to view the supply chain as an elaborate system and the underdevelopment or ineffective use of analytics.

Analytics is the process of breaking down complex information into its elements, organizing the elements and interpreting them. For most companies, the word analytics is synonymous with reporting. But despite thirty years of supply chain technology evolution, the most commonly used system for supply chain planning is a spreadsheet. Companies cannot effectively model the trade-offs of growth, profitability, supply chain cycles such as procure to pay and inventory turns, and business operations complexity on a spreadsheet. As that complexity increases, most companies are unable to use supply chain systems to improve operating margin and inventory cycles.

To learn more about supply chain analytics and read more of the Data Informed article, visit the Advanced Distribution Software news blog.

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