Improving your Return on Assets (ROA) leveraging Supply Chain Analytics

Note: As a standard practice, I will include a plagarism detection link in all the articles on my blog site. You can use the online tool below to evaluate any article published on the web for plagarized content. All you have to do is to paste the url of the article there and it will go through every sentence in the article and flag any plagarism. I believe as a follower of “writer’s integrity” I should include this tool in all my articles:

https://smallseotools.com/plagiarism-checker/

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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.

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