Question:

Are BI Forecasting Techniques Applicable To The Supply Chain

Forecasting In The Supply Chain

Business intelligence is all about employing processes and tools to achieve efficiency in commerce. These technological approaches include all business functions that occur across the enterprise, including the supply chain. Assumed within this quest for efficiency is the ultimate goal of maximizing profit through minimizing operating costs. In order for this to become reality, the performance management-savvy organization must frequently rely on the application of analysis techniques like maximizing gross margin through measuring inventory return on investment or minimizing total operating expenses. Accordingly, supply chain optimization must look at the general problem of putting goods into the hands of one's customers at the best cost and highest yield.

The classic approach to solving this optimization problem has involved traditional forecasting based on historic demand and prediction of future events. This approach is applied to aggregate data resident in smaller data repositories that require little manipulation. The analyst then manually manages any variability in the metrics. Using this forecasted demand, a plan is crafted that addresses the salient supply-related objectives, such as manufacturing rate, plant resource scheduling, re-stock strategy, or transportation modes.

The BI supply chain forecasting and reporting ability resident in today's software solutions provides the technical ability to access and manipulate larger databases more swiftly. The metrics are gathered and manipulated using automated processes and key performance indicators using advanced capabilities, like scorecards and dashboards. Some vendors have integrated these features into their BI products and applying multiple modeling and analytic techniques to supply chain data to enhance the optimization problem.

Business Intelligence Frequently Asked Questions

Is scorecarding applicable to other BI application?

Who are the major OLAP Software vendors?

What are the elements of an effective business intelligence software s

Iím new to BI; help me understand how business reporting software can

My Company has had some near-disasters in the past; can BI help us lea

How does the need for transparency impact HR and other functional busi

How does marketing reporting help my business?

I want to become a better decision-maker; how can BI help?

Iím being pulled in different directions by all of my managers; can BI

Is sales reporting a BI technology?

Is there a government use for performance management techniques?

Does performance planning improve scorecarding?

Do I always have to find answers using a BI approach?

Are business function areas and BI planning processes discrete?

Where does one find meaningful information on BI technology?

How does an open data strategy contribute to a bi competency center?

How does an open data strategy contribute to a bi competency center?

How does BI interact with CRM software?

Are advanced telephony techniques part of retail management software?

What is the make-up of the BI user community?

How can I use a business dashboard?

How can an executive dashboard help me?

how can i use clinical trial management software?

How do I use analytics software?

What is involved in supply chain performance?

Iím a small business, can I benefit from business intelligence?

what is enterprise planning software?

What are some of the business reporting terms used in Balanced Scoreca

How does performance streamline planning?

How can I make my presentation more memorable?

Can Balanced Scorecard Reporting Help Identify Excessive Costs?

What role does strategy play in scorecarding?

How are metrics used in performance management?

How is strategy used in Balanced Scorecard Reporting?

How did supply chain software come to be?

What are the salient features of the military supply chain?

Is there a military analog to a BI competency center?

Are BI Forecasting Techniques Applicable To The Supply Chain

Do I need to worry about the legality of supply chain data?

Is there a role for strategy in finance?

What do CFOs regard as important performance measures?

Iím sensing resistance to BI in the finance area, how can I overcome this?

Why canít I use an open market or free BI source to access my legacy information bases?

What does BI cost?

Can IT/BI project investment be helped with finance reporting software?

What is a Human Resource Management System?

Canít my companyís IT system automatically respond to job applicants?

How has HR changed in the age of automation?

Do you have any quick leads to HRM software solutions?

Do I need to be worried about data sensitivity within my BI system?

Where is BI heading?

Do you have any thoughts on some of the major BI vendors?

Does BI Apply To The Hospitality Industry?

Can qualitative information be exploited using BI?

How can marketing research reports help me analyze information?

Why should I invest a small fortune in BI when I have an IT Department?

Is there a way to manually test a BI approach?

Is size and issue for business intelligence implementation?

How Performance Intensive Is Your Business?

Are there any ways to ease the difficulty of deploying reporting software?

What characterizes good data access?

Are their different ways to describe the same BI capabilities?

Is risk analysis used outside of the insurance industry.

How did dashboard technology come to be?

Is there a difference between decision support and reporting functions and processes?

Is there a way to test run a BI capability?

Can you describe a how CRM applies to sales force management?

What are some of the advantages of business intelligence and SFM?

What are some of the disadvantages of business intelligence and SFM?

How can I use BI in my advertising program?

Can BI help manage my IP portfolio?

What are some of the business reporting terms used in Performance Mana

How can I give my boss better graphs?

How can I display only that which is relevant?

How can I avoid displaying meaningless differences?

How can I further encode quantitative values in graphs?

How can I represent values effectively and accurately?

How can I avoid creating false relationships in the data Iím presentin

How can I stress that data that is most important?





Not finding the advice and tips you need on this Business Intelligence Tip Site? Request a Tip Now!


Guru Spotlight
Alexis Niki