What is supply chain Insights?

Focusing on the Trends, Technology, Events and People that make Supply Chain, Logistics, Warehousing and Transport so critical and fascinating.

How do you analyze a supply chain market?

5 Steps to a Supply Chain Market Analysis

  1. Define your objectives, scope, and commodity profile.
  2. Research the market and pricing structure for your commodity.
  3. Conduct in-depth supplier analysis.
  4. Identify key market indicators.
  5. Compile your findings and outline final recommendations.

What are the 5 essential stages in developing a successful supply chain?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.

What is a supply market analysis?

Introduction. Supply market analysis is a technique used to identify market characteristics for specific goods or services. It provides information that is critical to developing effective procurement strategies, in the context of planning for significant procurement.

What are the four areas of supply chain analytics?

A common lens used to delineate the main types of supply chain analytics is based on Gartner’s model of the four capabilities of analytics: descriptive, diagnostic, predictive and prescriptive.

What are the types of supply chain analytics?

The three types of supply chain analytics are “descriptive”, “predictive”, and “prescriptive.” Each plays a different role in helping you manage your inventory.

What is supply chain mapping?

What is supply chain mapping? Mapping your supply chain means gathering information about your suppliers, their own suppliers, and the people who work in your supply chain to create a global map of your supply network. This information can be held in a single data platform for ease and to facilitate analysis.

How do you develop a supply chain?

7 easy steps to set up your supply chain correctly

  1. Choose Your Inventory Assortment. This is where your genius as a founder comes in.
  2. Forecast Demand.
  3. Size Your Inventory Buys.
  4. Track Your Purchase Orders.
  5. Track Your Inventory.
  6. Understand Your Inventory Position.
  7. Fulfill Your Orders.

How do you perform market analysis?

These are the seven steps of conducting a market analysis:

  1. Determine your purpose.
  2. Research the state of the industry.
  3. Identify your target customer.
  4. Understand your competition.
  5. Gather additional data.
  6. Analyze your data.
  7. Put your analysis to work.

How do you develop a sourcing strategy?

Strategic sourcing process steps

  1. Analyze product categories used by the business, spending patterns, and the processes and departments involved.
  2. Develop a sourcing strategy based on business goals.
  3. Analyze the supplier market and create a supplier portfolio.
  4. Define request for proposal criteria and templates.