Supply Chain Management is integral to any business that deals with tangible goods. Managing supply chains can be complex. Customer-facing dashboards simplify this by highlighting key actions through data visualization and analysis. Particularly, when these dashboards are infused with embedded analytics, they become pivotal in decoding the myriad data strands of the supply chain.
Key benefits of using a Supply Chain Dashboard include:
Dashboards act as a strategic convergence point, merging various metrics from inventory, logistics, and supplier performance to provide a comprehensive snapshot of the entire supply chain.
Inventory management metrics provide insights into how products move within a company's storage, be it a warehouse or a retail store. These metrics highlight not just how products are consumed, but also hint at potential inefficiencies or market demand shifts.
It's crucial to track the journey of a product, whether it's from a warehouse to a customer or from a manufacturer to a retailer, using logistics and transportation metrics. Delays or cost overruns in this phase can erode trust and profit margins.
Supplier performance metrics monitor the success and performance of the key inputs into your supply chain. Their punctuality, product quality, and responsiveness directly impact a business's operations and output.
By monitoring these metrics with dashboards, businesses can enhance operations for smoother and more profitable outcomes.
Given the extensive data in Supply Chain Management, creating effective dashboards requires both strategy and intuition. Begin with choosing the right tools and platforms, prioritizing solutions designed for embedded analytics to ensure smooth data integration and crisp visualization. With the right tool, supply chain managers and data analysts can begin building dashboards that follow these three best-practices:
With each aspect checked off, your supply chain dashboard transforms from a tool to a strategic asset.
As supply chain dashboards continue to evolve, they are being fortified with emerging technologies, enhancing their ability to deliver more nuanced, actionable insights.
Artificial Intelligence and Predictive Analytics, for instance, enable Amazon's dashboards to predict product demands accurately. This lets Amazon adjust stock levels efficiently, balancing storage costs and delivery.
Utilizing blockchain technology gives Walmart the ability to trace the origin of food products from different suppliers. With this system displayed on supply chain dashboards, Walmart and trace and pinpoint the source of food-bourne disease and only discard affected products.
The Internet of Things (IoT) revolutionizes real-time tracking. Maersk's containers, with IoT, send constant data on location and conditions. Displaying customer-facing dashboards for their clients enables their customers to monitor the flow of their goods and improve supply chains.
In today's evolving tech landscape, innovative dashboards offer businesses a unique view of their supply chain data.
Understanding crucial supply chain metrics, from Inventory Turnover Rate to Supplier Quality Index, is essential for business optimization. As the quantity of data increases with the transition into an era dominated by AI and IoT, the role of dynamic embedded dashboards becomes indispensable. They don’t merely display data—they transform it into actionable insights.
Get the insights into your supply chain with the embedded analytics platform solution, Explo. It expertly blends complicated data from a variety of sources into easy-to-use dashboards and report builders.
Get started with the top-rated embedded analytics platform, Explo, today.
Read More from Explo Insights
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
Unordered list
Bold text
Emphasis
Superscript
Subscript
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
Unordered list
Bold text
Emphasis
Superscript
Subscript
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
Unordered list
Bold text
Emphasis
Superscript
Subscript