Identify potential improvements in the supply chain
Companies have begun tracking every aspect of their business to identify potential trends for improving operations. If done properly, this strategy can be very effective. However, the Big Data movement is creating difficulty in terms of analyzing all of the information being collected.
With so much data impacting a large number of departments, it can be difficult for companies to identify a few key areas in which to make improvements. In a survey of 300 executives by The Wall Street Journal, nearly all said their organizations were not capturing the full benefit of Big Data. At times, it can pay to work with a specialist to refine one area of a firm.
Third party logistics firms like GENCO ATC can help businesses manage the data from their supply chains to improve their warehouse management. The logistics specialist can establish tracking procedures for merchandise as it moves through the distribution network. This can give a firm a more accurate assessment of its inventory levels and improve order fulfillment.
With the experience and knowledge of GENCO ATC, organizations can increase savings from transportation management while reducing delays. The amount of information captured from a supply chain is helpful only if a company has the tools to unlock the data's meaning.
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File Under: General Supply Chain