Let's call it the Wall Street Effect: Many companies now face tremendous pressure to ensure that all corporate data is "up to the second," just like those traders on The Street who bask in sub-second financial data and those consumer "day traders" who now demand equal speed.
Give me my data, and Give it to me fast!
That "need for speed" in today's supply chains is one of the underlying messages of a recent report from Aberdeen Group: "Supply Chain Intelligence: Adopt Role-Based Operational Business Intelligence and Improve Visibility." (Free with registration.)
Given that Wall Street Effect, users of supply chain systems today expect this up-to-the-second data. Customers now look for it as well. The Aberdeen report notes that 21st-century supply chains must collaborate with and respond to customers, suppliers and partners at real-time speeds. Supply chain risk needs to be assessed as it happens.
In several instances, the report's authors, analysts Nari Viswanathan and Viktoriya Sadlovska, point to a coming shift in historic supply-chain strategy: from the traditional "supply chain organization" to a "customer-focused customer value chain organization" that utilizes "advanced BI technologies that are pervasive and role-based."
That may be a buzzy mouthful, but the message is clear: Supply chains must become quick to respond--to anything, anyone and anywhere in the chain.
Bad Data Delivered Faster Is Still Bad Data
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