And when strategic suppliers can view and analyze your inventory, production, and demand forecast data, they can identify trends and proactively take measures to meet needs in specific locations or fulfill seasonal demand.
Excess inventory is the deadliest of deadly sins in the supply chain.
Unforeseen changes in buying patterns ripples through the chain causing exaggerated reactions. By sharing information demand and supply information up and down the market value chain, participants can smooth out the bullwhip effect. While it is unrealistic to expect an entire market value chain to be effectively coordinated in this way, developing and supporting information relationships with strategic customers and suppliers is key to coordinating supply chain activities between companies . Using Cognos, organizations can provide supply chain transparency to key business partners, thereby allowing your strategic suppliers to coordinate their processes with your organization's objectives. Critical business processes can be monitored and tracked through high-impact visualizations , providing functional managers with performance monitors that can be viewed at a glance .Flexible, iterative KPI development allows organizations to rapidly adapt their indicators to changes in areas that affect its scorecards.