The present observation reveals the trend of dramatic shift from planning to execution, and from lean supply-chain to agile supply-chain. This rapid change calls for real-time Data Visualization which provides an overview of what’s happening at present and what must be done subsequently to make the supply chain goals, a living reality.
Experts agree to the fact that the adoption of Data Visualization will allow everybody, from the workers to the management to remain in a close loop and the execution process will be faster than usual. This would ultimately help the executives to take appropriate actions in term of supply chain breakage. Since with Data Visualization, the entire chain will be visible to everyone from anywhere anytime, the rectification of the process will be easier and any lags can henceforth be prevented.
Interested yet? Let’s dig more into the advantages that data visualization has in store for supply chain executives to explore.
The major points
- Supply chain mapping: Mapping technologies are increasingly more accessible. And businesses that aren’t using them to visualize their supply chain are missing out on important information. A basic map of the locations and connections in your supply chain network is a great way to begin with. Simply seeing the geographic clustering of customer locations alone can reveal actionable insights about sourcing decisions. But employing more advanced techniques can tell a much richer story.
- Combining data to network diagrams: Supply chains are comprised of networks of complex relationships. Network diagrams are everywhere in supply chain management, because they’re such a natural fit to make sense of these interwoven links. But too often, they’re only used conceptually: representing high-level understandings of flows or processes. Using them against actual order, shipment, or process data can yield interesting results.
- Dashboards: When presenting trans formative supply chain changes, businesses need to compare their options. As a supply chain designer, it’s common to graph data for a single focus per comparison. Such as – total cost, and walk through, each focus separately. But that single focus may limit your ability to tell the whole story. Combining related information in the right way can spark a more creative and innovative discussion.
Data Visualization brings in much more for the supply chain process. Just like Jerry Pellizzon chief financial officer at Ceradyne Inc, said, “With data visualization, your mind doesn’t have to recalculate numbers into intelligence. Instead, it can analyze the data right away. You don’t have to go do extra work. Most people prefer that.”
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