How Bi For Supply Chains Boosts Efficiency And Growth

By Author: Bappaditta Jana
Total Articles: 79
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Business Intelligence or BI is a technological revolution in enterprise business landscapes. BI not only helps streamline business workflows and make accurate strategic decisions, but it also contributes to many other areas. Business intelligence tools have transformed supply chain and inventory management for organizations.

Supply chain analytics with BI tools creates a data-driven supply chain with increased transparency, which helps companies reduce supply chain and inventory costs and foster sustainable processes.

Benefits of Business Intelligence in Supply Chain

In this section, we will discuss the role of BI in supply chain management and the value it brings to supply chain optimization. Applying business intelligence tools provides actionable data insights and ensures real-time supply chain visibility.

1. Reduced Supply Chain Costs:

BI automation simplifies the daily supply chain operations. To be more precise, automating the manual supply chain tasks reduces the need for extra manpower. For example, inventory data entry and review tasks are automated. ...
... It speeds up and increases the overall operational efficiency of an organization’s supply chain. Moreover, BI also optimizes fuel consumption, transport route plans, order processing, and delivery. Hence, a significant amount of time and money is saved.

2. Increased Supply Chain Visibility:

BI tools in the supply chain incorporate a data-driven approach. Cross-functional teams can seamlessly keep track of orders, services, and/ or products and address crucial challenges early. It further ensures greater supply chain sustainability and transparency.

3. Reduced Supply Chain Risks:

Business intelligence tools give real-time supply chain visibility, which ensures any disruptions or discrepancies are caught in early stages. Thus, potential escalations are easily avoided. To be more precise, delays in delivery or order dispatch, shortage of materials, or transportation issues, can be identified in the beginning. Therefore, supply chain BI helps organizations maintain a timely delivery schedule, steady inventory, and updates.

4. Improved Supplier/ Vendor Relationships:

By enabling complete transparency, organizations can maintain a sustainable supply chain process where all suppliers and stakeholders are aware of the current inventory, product/ service demands, costs, trends, patterns of customer purchase, and so on.

5. Customer Satisfaction:

BI supply chain analytics provides actionable insights into customer buying habits, preferences, and purchase patterns. As a result, businesses can ensure efficient supply chain optimization through improved inventory management insights and delivery times. It automatically leads to better customer service.

6: Improved Decisions:

Companies can make better supply chain decisions with data-driven solutions provided by BI. It helps identify the supply chain loopholes and thus increases its operational efficiency. It results in reduced error and more accurate demand forecasts.

Bottom Line

Business intelligence in supply chain operations can drive more informed decisions and optimize the value chain. With real-time visibility, it is possible to cut unnecessary costs, mitigate and avoid potential supply chain issues from escalating. With the right data, BI is already bringing huge positive shifts to global supply chain management.

Bappaditta Jana is a blogger who loves to spend his free time engaging in sports or gardening. Based in Kolkata, he is currently working with EasyReports an IT firm that has developed a BI reporting tool that can easily integrate with Tally ERP and many other applications.