Power up your SCM with Big Data

Big Data. Ignore at your own risk.

In the beginning there was the Stone Age, then the Bronze Age and Iron Age. Skip a few millennia and here we are, in the Age of Big Data. As a business tool, the enormous amount of information generated by your business and beyond - along with the ability to mine it, capture it, store it and learn from it - is revolutionising the commercial landscape.

If you’re considering harnessing the power of Big Data in your supply chain planning, here are three things to consider.

1: The commercial landscape has changed forever

According to a recent Gartner survey, 76% of supply chain leaders report that their companies face more supply chain disruptions now than three years ago. Pandemics, macroeconomics, the explosion of e-commerce and global supply chain disruptions have all played a part. The resulting disruption to retail activity at some of the most profitable times of year has inevitably led to huge dents in bottom lines everywhere. It’s no wonder then, that businesses are now scrambling to find ways to mitigate this ever-increasing market volatility. They can no longer rely on the tried and tested cyclical patterns and systems of yesteryear and are looking to emerging technologies to help them stay competitive in a more chaotic commercial world.

Pandemics, macroeconomics, the explosion of e-commerce and global supply chain disruptions have all played a part

2: People can’t process data like a machine can

If your SCM strategy relies solely on historical business statistics, your Planners may well be able to interpret and analyse some of the information generated throughout your supply chain and use it to make predictions. But here’s the thing. They’re not Data Scientists and analogue, people-driven systems are inherently limited by the amount of information they can find and handle. A business that chooses to empower its people with Big Data, and the ability to analyse it, gives itself (and its Planners) a real competitive edge.

3: The right blend of technology is a super power

Digital systems that pull on new technologies are the key to harnessing the true power of Big Data in your supply chain strategy. The most powerful tool for Planners is a single, automated system that can pull large amounts of data from multiple sources, to marry business information with carefully curated data sets from all over the internet. A system that uses Artificial Intelligence and Machine Learning, allows organisations to consistently mine for insights, while constantly learning and optimising. No Data Science degree required. The best systems present these insights in an easy-to-navigate, actionable way, equipping Planners with everything they need to make more accurate demand forecasts. Planners can now have the power at their fingertips to drive business alignment behind a consensus plan, while playing an active role in streamlining processes, reducing freight and waste and increasing ROI.

Now there’s a promotion waiting to happen.


July 27, 2022
Take Excel to the next level

Spreadsheet, meet AI. AI, meet spreadsheet. It’s no secret that Excel is the tool of choice for most supply and demand management systems. With its easy-to-navigate tabular interface and advanced filtering system, data can be easily selected and collated to make better supply chain and inventory management decisions. Excel is relatively unchallenged in terms of […]

Read More
August 9, 2022
Get your SCM modelling right

Is something missing from your SCM model? Not all retail businesses have the same type of supply chain. The path to market for a pair of shoes, for example, differs from that of a chocolate bar. So when it comes to ensuring your operations are running as efficiently as possible to meet the true demand […]

Read More
August 9, 2022
Mitigate excess in your SCM Strategy

To buy-back or not to buy-back, that is the question We’ve said it before, but forecasts are almost always wrong. What this means for many businesses is excess stock taking up valuable shelf or floor space. Whatever methods a business chooses to move this stock, the priority should always be to move it. Buy-back is […]

Read More
June 22, 2022
Integrate your CRM and ERP with Big Data

Bringing AI and ML to SCM, CRM and ERP Many businesses and platforms are beginning to understand the value of integrated business operations across SCM, CRM and ERP. Some big technology providers are even crawling towards making it happen. But all of them are missing a trick. The real gold lies in being able to […]

Read More
June 22, 2022
Analyse your supply chain

Knowledge is power Supply chains - from the very first step of a product or service development, through sourcing, manufacture, logistics and sale - are a treasure trove of invaluable information. Centralising your processes via a robust, optimised SCM (Supply Chain Management) system is step one in transforming this data into profitability. The next step […]

Read More
June 22, 2022
Optimise your supply chain

Why Optimised SCM matters to literally everyone When it comes to effective Supply Chain Management (SCM), few businesses fully recognise the true competitive edge it can deliver. In the past, the process of micro-managing the flow of goods that turn raw materials into customer-ready products meant slow logistics and increased costs. But today, the reality […]

Read More
July 21, 2022
Compare SCM Tools

Not all Supply Chain Management tools are created equal These days, if you’re not looking to enhance your business processes with Big Data, Artificial Intelligence (AI) and Machine Learning (ML), you’re not doing your job. While rapid digitisation of almost every business operation has brought various SCM tools to market, not all of them are […]

Read More

Want to learn about how
QU can work for you? 

Check out the benefits of the different QU solutions
View QU Solutions

Would you like to see
 QU in action?

Get in touch with us to schedule a demo
Request a Demo
Copyright Quantiful © 2024
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram