Supply Chain
The key drivers to how your supply chain can impact financial success, business targets and keeping customers loyal have not changed. However, today's retail supply chain is faster, leaner and more sophisticated than ever before. Some of the new variables and trends that result out of an increased speed-of-business, new economic pressures and the availability of new technology include:
- Multi-echelon and optimized supply networks
- Cross-channel and multi-channel management
- Delivering consumer-centric mixes store-by-store
- Tremendous pressure to reduce inventory in the channel
- New ways of working together and supplier collaboration
- Radio frequency and increased tracking
- High beta fuel costs and a focus on sustainability
Responding to these new trends requires analyzing business data that hasn't been available before. Adding new sources of inventory, new stages of inventory differentiation, new types of costs, deeper levels of granularity means new business intelligence. Being more transparent with suppliers, 3PL providers, brokers and others mean a more integrated, leaner supply chain—but it also means a need for faster analysis of what's happening with inventory movement.
A handful of key business processes in supply chain management can be improved by business intelligence against very large data sets of information. These processes can now access more and more data. The increased execution capabilities today means newer, optimal analytics running at speeds never before seen can have measurable impact to improve:
- Demand Planning & Forecasting
- Inventory Optimization
- WH Management & RFID
- Replenishment & Logistics
- Vendor Managed Inventory
Applying deeper looks into the data in these business processes can find places where supply, demand and execution are out of balance. Netezza's best-in-class technology supports the speed the business needs to be alerted to a problem, identify the root cause, take an action and solve it before the risk becomes a loss. By applying the power of Netezza business intelligence against the business processes listed here leads to a variety of business benefits critical to your organization-increased capability to:
- Reduce inventory in the channel
- Trigger fewer inefficient inventory moves
- Reduce Out of Stocks and Shelf Voids
- Lower lead times
- Keep suppliers accountable
- Reduce error rates and labor costs
- Lower cost to serve and carrying costs
- Streamline multi-channel operations
Supporting Supply Chain 2.0 requires speed of processing multiple data sources inside and outside the organization to enable agility and flexibility. It requires lightning-fast processing to enable today's optimization software to apply their high-science at the speed of business. And most of all it requires a solution partner that can extend and integrate the supply chain success with the other parts of the retail enterprise, to make merchandising, marketing, and store operations more successful.
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- By analyzing transaction level sales detail for the first time, Michael’s Stores, Inc. was able optimize their store-level assortments to capture additional basket items based on a new understanding of shopper profiles and buying behavior.
- Ross Stores can now identify opportunistic purchase opportunities faster by providing early Monday morning visibility to Open To Buy for the New York based merchant team.