Supply chains are crucial for business survival, success, and growth. Following the COVID-19 pandemic, it is no longer just an opportunity to just reduce costs. Enterprises need to optimize supply chain network design by leveraging real-time data, innovative tools, and intelligent supply chain technologies.
Supply chain management encompasses a range of processes like transportation and distribution, last mile distribution, demand forecasting, and routing. All these processes have location intelligence as the core component. Therefore, location intelligence and business intelligence are critical for supply chain management.
Let’s know more about how Dista’s spatial analytics software optimizes supply chain network planning.
What is supply chain network optimization?
Supply chain network design or planning is a process that leverages new-age tech like AI, automation, analytics, etc., to improve the efficiency and performance of the logistics processes.
Typically, the supply chain optimization process can be divided into three stages:
It comprises strategic planning, like how goods will move between different warehouse facilities and distribution centers. Stakeholders set strategic business objectives like demand forecasting and scheduling of manufacturing operations in this stage.
Focused on planning end-to-end delivery optimization, supply chain deployment plan, and inventory planning, and balancing supply and demand.
This stage focuses on the execution of designing and planning with automation tools and AI/ML systems. It helps in route optimization, warehouse and inventory management, transportation management, supply chain visibility and order management systems, and more.
Challenges of supply chain optimization process
1) Siloed data
Due to siloed data, supply chains lack end-to-end visibility, ultimately impacting their ability to meet customer needs. Hence, supply chains must be optimized and powered by connected information silos.
2) Rising customer demand
Supply chain processes need to be tweaked and optimized from time-to-time depending on rising customer expectations. Organizations should focus on innovation and pivot the supply chain to continue to meet and exceed customer expectations.
3) Environmental and sustainability commitments
Awareness about the social and environmental impacts of unorganized supply chains has multiplied, especially post-COVID-19. Today, customers are having conversations and gradually becoming mindful of their consumption patterns. Enterprises have struggled to innovate ways to make supply chains more sustainable and ethical.
How Dista helps optimize supply chain network planning
- Deeper analysis and visualization of your data
- Seamless integration with other data like demographics and advanced optimized routing
- Visualize optimized networks and routes on a map
Key features of Dista's supply chain network optimization software
1) Cluster-based analysis
Our software performs clustering-based analysis on business defined rules. This helps organizations focus on individual clusters, find gaps, and improve performance.
2) Pattern identification
Business leaders can leverage Dista’s AI/ML-based suggestions to identify patterns and refine their business strategies.
3) Network performance
Our location intelligence platform helps businesses understand and compare the current state of their supply chain to multiple “what-if” scenarios. By leveraging crucial spatial data, it helps identify optimal locations for new facilities (distribution centers, warehouses, and production sites) and define the flows between them.
4) Reporting and analytics
Dista’s spatial analytics software evaluates patterns in the supply chain processes to forecast future demand and sales.
Benefits of supply chain network planning
1) Cost reduction
The modern-day supply chain involves multiple processes, and people work in tandem for its optimization. Supply chain optimization software reduces costs at multiple levels and allows enterprises to minimize the operation cost significantly, thereby increasing profits.
2) Integrated supply chain management
Businesses can leverage the system to integrate and manage supply chain capabilities from a single point. Our system offers actionable insights on several elements that play a key role in the supply chain system, like sales forecasting, timely delivery, credit control, etc.
Other benefits include:
- Better visualization of territories to find business opportunities
- Deeper real-time visibility of operations
- Better resource planning
- Optimize complex systems and processes
- Data-driven insights
In the upcoming years, organizations will focus on improving visibility to collect and consume data and insights in real-time from across the supply chain. Dista brings together data analysis and visualization to optimize supply chain networks. Are you looking for supply chain optimization software? Get in touch with us, and we can help you with the same.