Too often , data is ‘ misused or completely ignored ’
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Too often , data is ‘ misused or completely ignored ’
The scale and complexity of the global supply chain means it generates data in abundance and in real-time . But it ’ s not being fully harnessed and , in many cases , is being totally disregarded , says Naggi Asmar , Chief Engineering Officer with Matillion , a provider of cloud-based data solutions .
He adds : “ If data doesn ’ t flow fast enough , its use in informing decisions , automating planning execution , optimising inventory and other key processes is significantly compromised .”
Asmar says the supply chain ’ s “ fuel ” is analytics from suppliers , ports and warehouses , which is then essential to “ helping stretched teams increase impact and ensure the on-time fulfilment of goods ”.
“ Organisations need greater visibility , demand , capacity , inventory and supply across the ecosystem if they are to transform data fast enough .
“ It is about tapping into cleansed , enriched data across the business and , if data-driven insights can be used to improve supply chain network design , then the opportunity to become more productive is there for the taking .
“ If a supply chain organisation centralises its workflows , teams and costs , then insight can be managed more intelligently and efficiently throughout its lifecycle .”