Hit Your Target with Data Visualization in Supply Chain Management
You’re not alone if your day-to-day life in the Supply Chain world means that you’re constantly putting out fires. Trying to put all of the important pieces together while analyzing massive amounts of information is, of course, necessary to move the company forward. But frustration can lead to anxiety as the expectations of your department continue to get scrutinized by management. When you couple these expectations with other unknown elements that happen in business, conditions arise that can trash everything that you planned.
In a perfect world, someone in your position as a supply chain manager should be easily able to view each detail from start to finish. This includes manufacturers, dealers, suppliers, stores, and customers so that your operation functions with efficiency and can easily be adjusted for unforeseeable situations. The introduction of data visualization is the step towards achieving this world. For the first time you can add clarity to your work with clear, concise images that allow you to keep your finger on the pulse of what’s happening.
Your Moving Target Just Got Easier
You know that management is aware of the pain points involved in supply chain management. But their expectations still remain on “success.” Even though the streams of information are relevant, a disconnect still exists, which means that critical insights are kept hidden. By the time you sort through everything an emergency can happen and your attention needs to shift to the problem. This endless moving target becomes an ongoing challenge that every supply chain manager experiences.
Data visualization gives you the power to change everything. You now have the ability to pool volumes of information into a single source so that you can slice and dice critical information, view the cause-and-effect, and take immediate action. Information can now be easily exchanged, organizational boundaries get transformed, and customer trust gets up-leveled.
Your Job Becomes Easier
It’s the nature of the beast for supply chain management to be in a constant state of flux. But this doesn’t mean that your job should be chaotic. Using the proper tools can create the foundation of good analytics. Through data visualization you can fuse each of the elements to create the bigger picture.
Imagine addressing status situations with immediacy such as: carrying cost of inventory, units per transaction, rate of return, order status, inventory accuracy, back-order rate perfect order rate, inventory turnover, turns and average days to turn inventory. Your ability to accomplish successful forecasting allows any ‘supply chain inequality’ to become clear, concise and up to the minute which translates into profitability for the company.
Streamline Your Toolbox
Technology continues to improve, and you understand that not everyone can adopt quickly. Many people need time for a learning curve. And your customers may be experiencing the most difficulties in accepting these changes. From in-depth analytics to smart scanners, push-back is common, which delays the results that you need to accomplish.
This is where data visualization can add to your toolbox.
Making use of the information to create exciting visuals such as heat maps, geospatial maps, info threads and word clouds, you can now instantly make adjustments to the changing variables, and alter complex data sets. This brings answers that customers and management want to see.
Identify Patterns and Predict the Future
Supply chain management may be constantly changing. But when you use data visualization as the method to pull all of the information together, you can see the patterns the have been hiding in your previous spreadsheets. The nuances may be subtle or blatant, but each of the pieces can be drawn out, examined, analyzed and adjusted to view the all-important results that can enhance cross-channel communication.
Data visualization gives you the opportunity to create more accurate forecasts, improve partner performance, get the deliveries accomplished in a timely manner, and implement the kind of changes that the customers value. The pictures that you present can ultimately enhance both client and vendor relationships and influence the profitability of the company.
Answer the Critical Business Questions
Navigating through large amounts of data typically keeps many answers hidden. You know that information exists somewhere, buried inside the spreadsheets. But it’s elusive, and you’re always wondering how you can more easily reveal the important numbers.
Pooling information through using the right data visualization software allows you to address the questions, create beautiful images, and answer important questions at your fingertips. Syncing real time data empowers you to view every aspect of the supply chain management status. It encapsulates, concentrates and realigns so that you can see the entire story, make adjustments, and move your insights forward.
Making those areas that you thought were intangible into a reality transitions all aspects within your role of supply chain management. Data visualization allows you to engage, analyze, research, transform, predict and communicate with colorful images, offering a new concept of ‘the right place at the right time’.
Let data visualization become your Supply Chain superpower and download The Ultimate Guide To Data Visualization.