A new global study has found that while the majority of current supply chain analytics efforts are effectively “looking in the rearview mirror” to evaluate performance, companies see the potential value of adopting advanced analytics.
The study, Leveraging Supply Chain Data for Competitive Advantage, was conducted by visual analytics vendor Qlik and Supply Chain Digest.
More than 40 per cent of survey respondents said they are almost exclusively backward looking when it comes to data analysis, but the vast majority believe that predictive analytics would bring value to their users.
When evaluating their current capabilities, however, less than 10 per cent felt they had high levels of user system flexibility and empowerment, data visualisation and supply chain risk management capabilities. Respondents did note that making improvements in data and analytic capabilities was either a high priority or something they were already focused on doing.
“As organisations seek to implement more advanced analytics for the supply chain, it is imperative that business users see the whole story in their data, regardless of where or when they are making decisions,” said David Telford, senior director, sector group and industry partner lead, Qlik.
“Qlik helps thousands of organisations use data to manage their supply chain by providing analytics at the point of decision with flexible, self-service solutions available via mobile to help users visualise and explore data for better insights.”