Almost every company has faced one or the other supply chain challenges and want to get rid of them as soon as possible. This could be due to the disrupted model of the global supply chain or escalating customer demands. However, there are leading companies that are managing supply chains with great ease and less stress. These companies are not only outperforming their peers but managing all aspects of operations.

Let’s quickly discover as to how all these companies are managing their supply chain hurdles and improving time to market, profitability and minimize losses and fulfilling customer demands promptly.

1. Demand Planning

Many futuristic companies know and they invest in robust business intelligence software to make confident business decisions and make informed demand planning on the fly. This software also has a mobile BI feature which helps all supply chain managers to keep a tab on all daily operations intact. This way you can make planning and you need not have to rest your decisions on mere instincts and guesswork.

The BI tools help the team procurement, production and other departments to predict better and give a detailed view as to how much demand a particular product is generating. Thanks to the invention of smart and enterprise-ready self-service BI, companies are now smarter and abe to achieve higher forecast accuracy in demand planning than others.

2. Strategize inventory and fulfillment

Every single data that we generate bring a sea of data. These hidden data means treasures to be explored. To respond dynamically to challenges, it is a must to have key insights well in advance. BI tool is a key enabler. It empowers companies to reach the next level of excellence and plan their inventory better with self-service BI

3. Render key insights in trends

With a heavy volume of products, it is a must to have an eye on the big picture. The BI dashboards render key insights to have details. It tells the low and high demand of products. You can sort by state, capital, region and customer interest wise. It also gives you the probability of a depicting trend as which particular product is generating profit.

4. Get insights on the fly

Imagine you are sipping a cup of coffee and want to be informed about your sales figures or so. You open the mobile app and see inventory-related information readily available. This makes it easy to make operational judgments faster and make life easy. This helps you to make the best decisions at the right time.

5. Foster collaboration between teams

A streamlined supply chain contributes to effective collaboration between suppliers and service providers. The smart BI tools such as Tableau and Power BI provides interesting and hidden information about raw materials, inventory and render useful information at the drop of a hat.

Business leaders are increasingly recognizing the importance of investing in a BI software that can streamline their supply chain. With so much to manage, it pays to bring in robust BI tools to perfect your supply chain network without any complexities.