Real-time analytics can be used to forecast demand as well as provide flexibility for long-term supply chain issues, but it will not provide an easy way out of the current disruption.

The COVID-19 pandemic has played a significant role in the current supply chain disruption. Containers full of goods are stranded at sea or sitting at ports, as a result of the global supply chain disruption. The pandemic ended up being a turning point for supply chains, transitioning from supply chains that were largely resource-unconstrained to supply chains that are now mostly resource-constrained.

As there is no single cause of the disruption, there are no simple solutions to get goods moving again. However, digital supply chain technology and data analytics such as supply chain visibility, risk analysis, predictive analytics, demand forecasting, spend management, and supply chain process improvement can help companies mitigate issues in the short term and may provide long-term solutions.

"As businesses prepare for the aftermath of the pandemic disruption, supply chain teams should tap analytics expertise to go beyond using data from traditional procurement or ERP systems and look to data from across the company, their industry, and geographic location to make the most intelligent decisions." Rukshan De Silva - Managing Director.

Anax Holdings (Private) Limited is a business intelligence software company that uses Power BI to provide a simple and agile BI Platform for reporting, analytics, dashboards, and visualization. Our BI services assist organizations in optimizing their ability to leverage various types of data and transform it into something that the business can use to make better, more informed decisions.