How To Improve Your Supply Chain With Data Visualization Techniques?November 1, 2019
SimplifyingSupply Chain Management
If you have ever ordered a tangible good and got it within the stipulated time it’s because of a good supply chain management process in place by the company you ordered from. Supply chain management entails how a product is transferred from point A to point B, where point A is the place of storage and point B is the customer’s delivery address.
Supply chain management starts from the grassroots level, from sourcing raw materials needed for production to delivering it to the end consumer it covers every aspect of the product movement. The people working to manage the supply chain process have to carefully monitor the entire flow of goods and have to devise a strategy to help propel efficiency and productivity in the process.
The process has in its purview various sub-segments like sourcing, demand planning, inventory management, and logistics, the aim is to make the process smoother by individually focusing and renovating outdated methods of sourcing and distributing products to the end consumer.
The benefits of supply chain management range from increasing efficiency, cost minimization, profit maximization to better demand planning.
All your e-commerce shopping expeditions are made possible because there is a supply chain process working 24 * 7 to facilitate your shopping spree.
What are data Visualization techniques?
With the advent of big data analytics and the demand to present it to probable beneficiaries, the importance of presentation and formatting of data is utmost. It helps to weed out the unrequired information and highlight the ones that help the end-user to gain better insights.
The end goal of providing any data to the user is to allow them to gain valuable insights and take action using the same. Data visualization techniques deal with how to present the data in an attractive format to grab the user’s attention in a jiffy and help them to implement changes through the knowledge obtained.
Data digestion is important for the end-user to act upon the information, with so much information available on the World Wide Web, obtaining useful data can be tiresome and lethargic. The challenge for the data developers is to make it catchy for the eyeballs.
According to psychologist data visualization techniques help the user to learn better, photographic memories tend to last longer than plain texts.
Externalities like bad weather or accidents have a major impact on the timings of delivery and transportation of goods. To take into account such external factors the data visualization techniques help in mapping the geography and its indigenous externalities based on past records that might influence the transportation and shipment process.
Data visualization techniques for SCM improvement
Data visualization techniques help to improve and renovate the supply chain dynamics on a macro scale of things. The supply chain management has various components, from demand planning to doorstep delivery, everything can be perfected with data insights.
Let’s understand how data visualization improves supply chain management. So if we trace back to the core of the supply chain it all breaks down to identifying the perfect routes. Data visualization techniques can help to identify and demonstrate the details of the route and the alternatives present transport a product from point A to point B.
Plotting the complex relationship between various data points related to supply chain management through network charts and flow charts the pictorial representations enriches the content of the data.
Now the data regarding the routes might include the distance covered, time taken, traffic congestions, road construct, etc. So for identifying the perfect route, you have to factor in for all these elements and then reach a conclusion. How tiresome will be to dive deep into the subject matter? There come to the visualization techniques that will help to put out the information in a precise manner catering to the needs of the user.
According to various research related to data visualization, it was found that companies are spending more on the use of immersive visual ecosystem to better their data visualization for the supply chain management. The benefits of the same have been reaped in the form of better inventory management and improved performance.
The implications of data visualization techniques in the field of supply chain management are enormous. From reducing time to analyze complex data to making more informative changes in a complex variable scenario the data visualization technique has changed the supply chain management landscape drastically. Improving the duration of transportation and delivery of products based on data insights factoring various elements that might affect the situation.