Effective supply chain management (SCM) relies wholly on real-time, accurate data. If the information used to forecast, plan and guide operations is corrupt or imprecise, the results will be poor. To manage the flow of goods and services successfully, businesses must connect and manage the chain from end-to-end, while increasing visibility, reducing risks, and optimising operations.
According to James Hickman, Managing Director at South Africa Qlik Master Reseller, the cornerstone of supply chain management is the ability to explore supply chain data in unprecedented ways. “When businesses are empowered to analyse, visualise, and explore relationships between complex data sources, better business decisions can be made faster, ensuring a consistently competitive edge.”
It’s Time to Control the Supply Chain
Supply chain managers are faced with the gargantuan task of managing everything from procurement and production, to inventory and distribution. Keeping all these complex elements in sync is essential to balancing supply with demand by drawing insight from internal operation systems – avoiding overloading or stock shortages.
To achieve this, the SCM team must be able to:
- Adjust to changing markets in a proactive way
- Keep costs under control
- Develop long term sustainability
- Manage data sources directly affecting the supply chain to:
- Understand customers’ needs
- Gain a single holistic view that unites suppliers
- Identify when too much or too little of a single asset will disrupt production
Why is Supply Chain Management Important?
SCM is critical in balancing customer demand with supply, to ensure the right inventory is available at the right locations and times, as ordered. When done well, SCM allows the organisation to deliver excellent customer satisfaction, while also minimising its own costs.
Which Internal Systems Feed SCM Data?
- Enterprise resource planning (ERP)
- Supply chain planning and execution
- Inventory, warehouse and transportation management
- Manufacturing execution systems
Which External Systems Feed SCM Data?
- Third party logistics
- Market demand
- Consumer sentiment
The Value of Qlik in SCM
SA Qlik’s services and solutions ensure that Qlik software empowers the business to simplify supply chain analytics, helping make new associations between once disparate systems to reveal hidden relationships. From demand volatility to inventory investments, forecast accuracy, supplier performance, parts management and customer delivery, every link in the chain is highly visible and easy to identify.
With visual analytics available at the point of decision, managers can see their supply chain from every perspective and leverage supply chain data for competitive advantage.