Logility and Peerless Research Group Unveil the Top Opportunities and Challenges that Face Supply Chain Advanced Analytics Initiatives

Logility, Inc., a leading provider of collaborative supply chain optimization and advanced retail planning solutions, in collaboration with Peerless Research Group, has published, “The Keys to Creating and Leveraging Actionable Information.” The report highlights feedback from executives on the opportunities, challenges and use of advanced analytics across their supply chains.

According to the report, the top business pressures facing companies today include the need to reduce operating costs, increase service levels, enhance supply chain flexibility and improve forecast accuracy. At the same time, the ability to analyze Big Data, automate forecasting and deliver actionable alerts are considered important supply chain capabilities. Advanced analytics powered by artificial intelligence (AI) can leverage the vast amount of data available from both structured and unstructured sources to uncover new opportunities to make faster and smarter business decisions. However, only 22% of companies have implemented an advanced analytics initiative to help them achieve their supply chain and customer service goals.

Notable Findings:

• 63% identify supply chain planning and forecasting as the priority areas to utilize advanced analytics
• 47% cite a reliance on spreadsheets as a hurdle to adopting advanced analytics
• 44% plan to upgrade or implement an advanced analytics solution within the next two years

“The speed and complexity of business requires companies to quickly turn information from disparate data sources into actionable insights that focus supply chain efforts on high-impact, value added activities,” said Allan Dow, president, Logility. “As evidenced by this research, spreadsheets and legacy solutions can hinder a company’s ability to harness information from multiple data sources to significantly impact and drive the business forward. Advanced analytics such as those in Logility Voyager Solutions^TM help companies make faster and smarter business decisions, better understand customer needs and predict market trends with ease. We are accelerating new supply chain insights with prebuilt predictive analytics that minimize the cost and complexity of custom solutions which often require businesses to hire expensive data scientist talent.”