How Data Science helps with Supply Chain Management
Every business works with the sole purpose of making profits! Without earning, there is no point in continuing an enterprise. To make a venture profitable, several departments of a business need to work in complete balance.
So what’s holding all these departments together?
Supply Chain!
A lot of factors constitute supply chain- Demand, Supply, Freight, Inventory, Warehouses, Raw material, Logistics, Retailers, Distributors, Suppliers and much more.
This may look overwhelming , but it’s not! With the right strategies and tools , you can earn so much more without being in a constant state of chaos over linking all the departments together. Why? Because Rubikon Labs does it for you!
We meet all your needs efficiently and effectively. All you have to do is automate your processes. Rubikon Labs streamlines your business process flow with its state of art technology. Every aspect of your supply chain is analyzed by our in house data scientists. They then suggest a perfect model that meets all your business needs head on. And when it comes to backend support, worry not, we are always present.
It is quite evident that upgrading your business processes has become a necessity in today’s rapidly changing competitive landscape. Hence, data science and machine learning are now incorporated into SCM.
Supply chain is one of the trickiest parts of a business and as the chances of error are quite high, the need for proper synchronization and analytics is very important.Something simple getting out of hand can make the business lose a lot of money as it can create a break or kink in the supply chain. When it comes to strategic and operational parts of the supply chain management, the need for resolving issues on-the-go to keep the chain continuous is very important or every step in the continuation can become a painful point which will block the resources in the wrong places.
Some of the main steps that are covered in the supply chain of the business are:
- Procurement of raw materials
- Inbound logistics
- Inventory of parts
- Manufacturing of goods
- Inventory of finished goods
- Fulfillment order of the goods (customer goods)
- Outbound logistics
At Rubikon Labs, we put together an integrated system for all aspects of supply chain to work in harmony. To know more about how we deal with each individual factor, read on! To make your business data efficient, reach out to Rubikon Labs.