The supply chain is a complicated beast. From warehouse fulfillment through to the point of sale, there are a number of processes that can break down at any time and impact your business. Supply chain management monitors the flow of goods and services so you save time, reduce costs and provide better customer service. Here are three reasons why you need OpsVeda in 2018.
Recently I was scanning my mail when I noticed solicitation from a reputed retailer trying to sell me a conditioner that promises "tangle-free hair". Now, even from a mile away one can make out that entangled hair should be the least of my worries. I scrolled down and surprisingly there was another mail from the same sender, but this time about some product promising to take me back to my "million-hair" days!
Though almost a month and half too late, few days back I was browsing the web-pages of individuals and organizations offering predictions around what the IT industry should expect in 2014. Many of them were along expected lines – continued rise of Big Data, Cloud Computing, Mobile Devices, Wearables, Social Media driven Digital Marketing, 3D Printing, Bitcoin etc. Albeit sporadically, there were also predictions around democratization of data analysis i.e. data analysis becoming more of a mainstream task rather than the domain of data scientists. I don’t know about the other predictions, but this one is certainly something I identify with. In the last 5-10 years, “Data driven decisions” has become a buzzword in many organizations. But – look at any organization and it will be apparent that many decisions are not really data driven. There will be a few cases of people doing pivots and some fancy charts using tools like Excel and then there are the data scientists who are supposed to be doing advanced data analysis. Talk to the data scientists and it will be clear that they spend more time on pulling and preparing the data than on any real analysis. And even the analysis mostly centers on some basic statistical techniques like regression and associated visualization done using a tool like R or Matlab.
It is one thing for my colleagues and me to wax eloquent about the merits of our product. But it is something else to hear back from users who live the product every day. And that’s what happened when we conducted a survey of OpsVeda# users at a large multi-billion dollar electronics manufacturer. To our delight, the users’ feedback was in-line with our thoughts about the benefits the product was expected to deliver. This post captures a brief summary of our findings.