Posted by Casey Horgan
This is the second post in our five-part series, 5 Ways to Make Your Supply Chain More Dynamic. We’ve previously explored how finding actual costs is key to cutting out any inefficiencies in your supply chain.
Today, we'll look at how to turn data into insight so you can better fine-tune your operations.
This is the second post in our five-part series, 5 Ways to Make Your Supply Chain More Dynamic. We’ve previously explored how finding actual costs is key to cutting out any inefficiencies in your supply chain.
Today, we'll look at how to turn data into insight so you can better fine-tune your operations.
Make a big impact with big data
Big Data seems to be a hot topic in every industry, but what does "Big Data" really mean for small and mid-size businesses?
More importantly, how can it improve your supply chain?
We’re all (painfully) aware of the immense amount of data every supply chain produces—from the manufacturing process to orders, inventory, and all of the detailed metrics you’ve established to measure and track. Instead of making your supply chain run smarter and faster, this data often bogs you down.
How, then, do you use data to your advantage? The answer is simple. You capture it, translate it and share its most essential elements—quickly, across your entire organization, and with just the right people.
More importantly, how can it improve your supply chain?
We’re all (painfully) aware of the immense amount of data every supply chain produces—from the manufacturing process to orders, inventory, and all of the detailed metrics you’ve established to measure and track. Instead of making your supply chain run smarter and faster, this data often bogs you down.
How, then, do you use data to your advantage? The answer is simple. You capture it, translate it and share its most essential elements—quickly, across your entire organization, and with just the right people.
Use supply chain data to your advantage
How can you best analyze and improve the effectiveness of your supply chain?
For starters, SCM data needs to connect with the metrics that matter most to your business. To do this, you need a truly integrated business management system, because if your systems can't talk to one another, you'll never get the full picture. Microsoft Dynamics ERP lets you manage your finances and supply chain from a single system.
Once you connect your SCM data, you need tools to easily analyze and use it to make your supply chain work harder. Microsoft Dynamics ERP lets your people instantly access the relevant information they need (at a high level or granular level) right from home pages personalized to each user. Plus, you can export information into Excel with a simple click, so you can poke and prod your data as much as you’d like before sharing it around your organization.
Big Data is a big deal when you make it manageable and workable for your supply chain. When you can bring specific transaction details together with information like weather forecasts, population changes, traffic conditions, etc. you'll make a significant impact on your service levels as well (as your sales and profitability).
Check back next week for part 3 of our five-part blog series. We’ll dive into how ideas (not just information) can be shared. In the meantime, check out how manufacturer 2G uses Microsoft Dynamics to gain better control of their data and grow their business, or see the product in action and learn about packaged pricing.
For starters, SCM data needs to connect with the metrics that matter most to your business. To do this, you need a truly integrated business management system, because if your systems can't talk to one another, you'll never get the full picture. Microsoft Dynamics ERP lets you manage your finances and supply chain from a single system.
Once you connect your SCM data, you need tools to easily analyze and use it to make your supply chain work harder. Microsoft Dynamics ERP lets your people instantly access the relevant information they need (at a high level or granular level) right from home pages personalized to each user. Plus, you can export information into Excel with a simple click, so you can poke and prod your data as much as you’d like before sharing it around your organization.
Big Data is a big deal when you make it manageable and workable for your supply chain. When you can bring specific transaction details together with information like weather forecasts, population changes, traffic conditions, etc. you'll make a significant impact on your service levels as well (as your sales and profitability).
Check back next week for part 3 of our five-part blog series. We’ll dive into how ideas (not just information) can be shared. In the meantime, check out how manufacturer 2G uses Microsoft Dynamics to gain better control of their data and grow their business, or see the product in action and learn about packaged pricing.
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