What role does analytics play to help your Supply Chain increase your organization’s Return on Investment ?
The key to a successful analytics initiative in my mind is to understand the wide and varying impact the initiative would make.
Ex: If you are going to embark on a Predictive maintenance journey, understand the importance of this lever beyond the algorithms and analytics methodology. That…in my mind…is the genesis of successful analytics initiatives.
Here is a cheat sheet I created for someone who asked for my help to prepare a business case for an end to end Supply Chain analytics initiative.
Sharing it for the benefit of wider audience. This is not an exhaustive list. In fact, I have kept it to widely used solutions, not the ones that I believe can or should be leveraged .
The cheat sheet should not be used plainly as a reference. Try using the approach to “train” your mindset to develop the capability of being able to see both the forest and the trees – traversing from strategy to financial goals to all the way down to analytical levers/approaches.
That is how true analytics leaders of the digital age need to think.