Romi Malik, Manager, Data & Analytics Solutions Practice, MindtreeFrom Romi Malik, Manager, Data & Analytics Solutions Practice, MindtreeAll TechnologyElevating Supply Chain Planning IQ with Data AnalyticsSupply chain is the largest expense for any product company and generally accounts for 60 percent to 90 percent of all costs. Controlling such a substantial expense demands continuous performance improvement and high operational efficiency. Research suggests the existence of a statistically significant relationship between analytical capabilities and supply chain performance. In other words, data analysis can assist in controlling supply chain costs. Further, an analysis of 310 companies from different industries in the USA, Europe, Canada, Brazil and China indicates that analytics of the supply chain plan has the second-biggest influence on supply chain performance.April 29, 2013Page 1 of 1
