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Your Guide to Using BI in the Supply Chain

By SiliconIndia   |   Friday, 18 January 2013, 07:55 Hrs
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Bangalore: A company today needs to focus on two aspects of its functioning; its own business goals such as controlling expenditure and efficiency on one hand. It also needs to focus on the satisfaction of its customers by providing timely service. When it comes to managing a supply chain, there are many complex factors involved.

Wish to effectively manage data and make decisions that will help you attain your goal? BI to the rescue. When it comes to supply chain management, BI tools serve the following purposes; forecasting, logistics, inventory management and risk litigation states Fred Hartung, VP of Supply Chain Solutions and Logistics, Jabil on Supply&DemandChainExecutive website.

Companies that deal with global electronic manufacturing services are faced with a huge task when it comes to supply chain. The fact that they deal with design, test, manufacture and distribution of a range of products including medical devices, consumer electronics and defense systems will imply that they deal with a large number of different components. Additionally there is a pressure of deadlines, the possibility of usage of counterfeit parts; and the influence of political and economic conditions across the globe.

While many manufacturing services companies depend on regular off- the- shelf BI implementations, one could say there is a need to use customized tools. BI tools could be designed specifically for the needs of a company so that the respective analysts can identify trends and alter variables. Additionally, one has the opportunity to make it more user-friendly which will boost adoption and help in saving time. The usage of predictive models would also be very helpful in recognizing important options and can alert regarding the necessary plan of action.

Take a look at a few tips from Hartung on how to recognize the benefits of custom BI tools.

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