Maintaining a flexible, efficient, and reliable retail supply chain has never been more difficult. Inventories are increasingly varied and complex — a byproduct of retailers struggling to appease as many customers as possible. Consumer expectations have grown every year, to the point that they seem to expect near-perfection. And new services and activities such as buy online ship from store (BOSS) / pick up in store (BOPIS) and curbside pickup have created immense complexity. These and other major supply-chain challenges, amplified by pressure from corporate to do more with less, make it more difficult to reach and maintain supply chain excellence than ever before.
To achieve this increasingly ambitious goal, the modern supply chain professional must turn to technology. Specifically, they need an advanced analytics solution that can analyze and interpret data from every node and the transportation networks connecting them, using any insights to guide decision-making accordingly. An advanced analytics solution (especially one that provides actionable insights, like prescriptive analytics), can increase visibility to the entire supply chain and identify exactly when, where, and how to make critical improvements that reduce costs, drive operational excellence, and optimize the customer experience. With advanced analytics, retailers can realize supply chain excellence, regardless of the challenges they may face.
This ebook discusses four of the biggest challenges in retail supply chain and how advanced analytics can help conquer them.
