Shippers’ decisions are only as good as the supply chain data that informs them. But as supply chains become more complex, turning data into actionable insights is becoming increasingly difficult. From transportation modes and shipping routes to carrier rates and inventory levels, there’s a lot to keep track of.
With the right technology, it’s easier to establish relationships between suppliers, freight invoicing, shipment lead times, and carrier performance. Business intelligence (BI) tools offer shippers the best option for making the most out of their data. By providing real-time insights, BI tools help shippers gain better visibility into their operations, meet their customer’s needs more effectively, and respond to setbacks more quickly.
Optimize decision-making with high-quality supply chain data
High-quality data across the supply chain drives better decision-making. With CTSI-Global’s BI tool, shippers can harness this much-needed leverage. Data sourced from invoicing, transportation management systems (TMSs), and warehouse management systems (WMSs) can be used to identify patterns and inefficiencies and transform disparate supply chain data into valuable business insights.
1. Maximize data usage
With digitized supply chains producing mounds of data by the second, it’s easy for information to fall through the cracks. By employing a BI tool, shippers can be confident that every bit of data will be captured, processed, and put to good use.
Beyond data capture, BI tools enable companies to make sense of the noise by filtering out the information that matters to them and making it readily available across their enterprise. CTSI-Global’s BI tool makes data accessible across enterprises by transforming it into dashboards and visualizations. This way, teams and decision-makers alike can get a quick visual understanding of the current state of operations.
2. Identify patterns
Data visualizations are a powerful tool that can provide stakeholders with a bird’s-eye view of enterprise operations—an especially valuable advantage when analyzing trends and assessing the long-term impact of decisions.
For example, a shipper who wants to avoid overstock can analyze inventory levels and order fulfillment trends, which can inform future stocking decisions. A shipper can also audit carriers by looking at transit times, events, and shipping volumes and decide whether they should continue the partnership or seek a better option.
3. Spot inefficiencies
Is that new shipping route better than the previous one? Is a carrier driving up delay times instead of saving costs? Not every trend is positive. Data from BI tools can help shippers spot and address those inefficiencies before they mushroom into costly problems.
Data sourced from a TMS tool can help shippers find alternatives to optimize transportation routes and reduce shipping costs. And data from WMSs can be used to develop strategies that reduce storage and handling costs. With real-time tracking, performance monitoring, and increased visibility, the right technology can help shippers identify problem areas, reduce costs, and improve efficiency across their supply chains.
Transform supply chain data into insights with CTSI-Global’s BI tool
Fast decision-making is more valuable than ever. To remain competitive, shippers need accurate, accessible, and actionable data that empowers them with the knowledge to make the right call every time. Enterprise-wide access to high-quality data replaces uncertainty and gut responses with clarity and empowers stakeholders to make decisions with confidence.
CTSI-Global’s BI Tool is a one-stop shop for all your organization’s supply chain data needs. Contact us to learn how we can help you turn supply chain data into powerful insights.
