Real-Time Supply Chain Data
Real-time Data enables you to collect relevant information related to risk using “sensors” throughout your supply chain.
Rapid detection and how it works:
- As data is collected throughout your supply chain, smart thresholds create triggers to notify you of exceptions that are creating additional risk.
- Sensors detect information like critical thresholds for inventory levels, quality metrics, or on-time shipments percentages.
To move quickly, your team needs to know the context around a problem (e.g., forecasts, inventory, orders) and what options are available. In today’s fast-paced world, new decision assistant technologies are leveraging real-time data to provide a complete view of the problem and available solutions.
Statistical analyses based on historical data may look pretty and seem nice to have, but are almost always inaccurate. To keep up in tomorrow’s supply chain world, take another approach—use real-time data to make important decisions based on what is happening now.
Information, Real-Time, Mobile and in the Cloud
Built in the Cloud
Cloud Adoption for Effective Supply Chains provides the foundation companies need to create more agile, real-time, and collaborative supply chains all at a lower operating cost.
Cloud computing enables improved end-to-end visibility. Supply chains built on the cloud can provide more transparency of key performance indicators and pulse points.
Ready to have conversations on how your supply chain can become Real-Time, Mobile and Connected?
Sources: How to Make Supply Chains More Efficient, How to Leverage Your Supply Chain Risk Data