Over the last decade, the importance of optimizing supply chain logistics has grown rapidly. Supply chain management, which was once a strictly operational concern, is now a pressing concern for all enterprises. Zoho Analytics provides the tools required to bring digital transformation to your logistics processes. Let’s explore how business intelligence analytics and tools support this exciting vision.
What is digital transformation?
In the context of supply chain logistics, digital transformation uses technology to improve business decisions. The proper financial analytics tools will empower your company to establish new revenue streams, reduce expenses, mitigate risk, and promote customer satisfaction.
How is digital transformation implemented in logistics?
1. Customer-centric practices
Today’s consumer is more informed than ever before. Supply chains must be agile to respond to customers’ fast-paced decision-making. Centering your digital transformation around the customer experience will build brand loyalty. Zoho’s financial analytics software uses data to support a deeper understanding of your audience. With real-time visibility, you’ll be able to forecast customer demand to avoid delays and keep your customers happy.
2. Predictive business intelligence
Zoho Analytics helps your company stay ahead of market fluctuations. With business intelligence analytics and tools, your digital transformation strategy will be guided by real-time data insights. Analytic business intelligence allows your company to remain flexible through unpredictable developments. As changes to regulations and government relations can occur overnight, it’s vital to adjust your operations accordingly.
3. Total transparency
It’s crucial for supply chains to maintain a comprehensive overview and visibility. Complete transparency helps organizations strategize and plan their operations more effectively. Transparency also allows control to be exercised over every stage of the supply chain. With a 360-degree view of your logistics operations, you’ll avoid delays that erode customer satisfaction.
How does digital transformation benefit each supply chain stakeholder?
With digital transformation, each stakeholder can operate collaboratively to accomplish the objective.
Suppliers
The suppliers which provide raw materials to the manufacturers benefit from predictive data. With the financial analytics software, predictive demand data can inform the supplier’s strategies. Suppliers can better prepare for future demands, improve product design, and meet their deliveries faster.
Manufacturers
Financial analytics tools allow manufacturers to use real-time data to improve their processes. Digital transformation aids manufacturers as they establish consistent processes to deliver an elevated-quality of product. Zoho Analytics offers tools for automation that can significantly enhance the speed and safety of the production flow.
Distributors
Analytic business intelligence helps eliminate inefficiencies from the supply chain and optimizes asset utilization. With business intelligence software, supply chain service providers can better optimize pricing, routing, and shipment consolidation. The actionable data provided by Zoho Analytics can even identify opportunities to reduce transport times.
Inventory fulfillment
Analytic business intelligence can offer valuable insights for warehouse management. Improve inventory level alignment with business intelligence software. Reduce order processing times, and receive predictive suggestions for adjustments. Digital transformation leverages intelligent inventory optimization and predictive demand forecasting to reduce the total operational cost.
Customers
With automation, your company can engage with customers in real-time with high-value offers and calls to action. Send notifications and order updates, or suggest complementary products to customers. Frequent communication with your customers demonstrates transparency, which builds trust in your organization. The digital transformation also provides an improved user experience. Mobile access allows customers to make purchases and track orders from any device.
With a platform like Zoho Analytics, your business can leverage data to improve processes throughout the supply chain. No matter what industry your company occupies, Enable is ready to demonstrate the value of Zoho’s business analytics software. Call our licensed Zoho consultancy today to schedule your introductory call with Enable.
