Examining raw data to help draw conclusions about information:
1) used to allow companies and organizations to make better business decisions
2) to verify (or disprove) existing models or theories
Organizations can make use of advanced analytics to transform historical data captured in their ERP systems into predictive insights.
Analytics improve forecasting and S & OP (Sales and Operating Planning)
It allows organizations to understand demand patterns, supply network, operations, quality and customer service requirements.
Supply Chain Analysis can be performed by using spreadsheets and information from your ERP system or with the use of Data Analytics software integrated with your ERP system. Either way you must ensure the necessary data is included to be able to assess your supply chain strengths and weaknesses; allowing you to know where to make the changes required to improve your supply chain.
