Due to the bombardment of new data that businesses face, the ability to analyze and use their inbound data as it becomes available can unlock great efficiency for their supply chains. With the right data analytics, businesses can transform information in minutes and use it to their advantage to cut costs, save time, and plan for the unexpected.
Integrate data analysis into the supply chain
AlteryX provides data analytics and automation to businesses, enabling efficient use of data and creating efficiency through process automation. In the company webinar, “Breaking the (supply) chain: analytical obstacles to optimizing safety stocks”, viewers can receive insight from Casey Koopmans, who explains how AlteryX is delivering breakthrough advances in the supply chain through its human-centric data science, analytics and automation systems.
The webinar contains a high-level discussion on the benefits Amway Company experienced the use of artificial intelligence (AI) for supply chain planning and monitoring. Amway is a large global company with offerings in a variety of different industries including nutrition products accounting for 50% of the company’s revenue, air and water filtration, beauty, personal care and home care.
Casey Koopmans, Senior Data Scientist at Amway Corporation, discusses the implementation and lasting effects of using the AlteryX Data Analysis System, which provides visibility into the company’s inventory management process and enables better application of new data.
AlteryX Solves Supply Chain Problems
Koopmans breaks down each ‘piece’ of Amway’s supply chain ‘puzzle’ and explains how AlteryX’s analytics and automation solutions manage data storage more efficiently to provide more useful insight into the chain supply, including stagnant items at a particular production stage and predicting the safety stock required for lean production processes.
The webinar also provides great insight into some of the other supply chain challenges and how Amway has used AlteryX tools to overcome these issues and in some cases allow the company to develop its own tools. to succeed. Some of these supply chain challenges include:
- Management of stocks and the position of stocks and schedules.
- Follow-up of the shipment of several components via the nomenclature (BOM).
- Determine the source of an outlier in the datasets.
- Efficient customs clearance processes.
To find out more and access the “Breaking the (supply) chain: analytical obstacles to optimizing safety stocks” webinar on demand, click on the link below.