Business Analytics for Dummies

by | Oct 30, 2012

What if data such as this was available today and more importantly, what if you could access it immediately, without any additional IT resource and zero disruption to your current data or back office systems and or architecture. What if you could view and share micro-level fact based trends about your trading partner community that lead to collaborative conversations for improvement on up-stream supply chain operations? How might this improve the results derived from analyzing consumer driven data metrics downstream?

To quote a recent post from Retail Wire, “Business analytics isn’t a new concept, but new technologies are emerging that make it possible for average business users to analyze and understand the data.”

Certainly I agree with the statement. The post was aimed at getting folks to download a free eBook offering courtesy of IBM entitled “Business Analytics in Retail for Dummies“. What I find interesting is that nearly all the information and conversations in retail regarding analytics revolves only around consumers behavior, products, sales and margin. And I suppose that is to be expected…retailers are in the business to sell stuff and make money, I get that.

But what about the tools to analyze and understand the data related to supply chain and trading partner performance. Where is the “for Dummies” eBook for that? I searched and could not find one…perhaps it is out there and I welcome someone guiding me to it, just leave me a comment below.

In the mean time, my Customers (primarily retailers and wholesalers) keep asking me how do they ensure that their trading partners will adhere to the processes and guidelines for timeliness and accuracy that were the goals for initially investing in and implementing EDI programs within their operations. It is no longer good enough to simply tell your trading partner community to “comply or else”. You need data. Data that can be easily accessed, analyzed, understood and shared among all parties within the trading relationship.

What if data such as this was available today and more importantly, what if you could access it immediately, without any additional IT resource and zero disruption to your current data or back office systems and or architecture. What if you could view and share micro-level fact based trends about your trading partner community that lead to collaborative conversations for improvement on up-stream supply chain operations? How might this improve the results derived from analyzing consumer driven data metrics downstream? I have some ideas but I prefer to hear yours first.

Was this information valuable? To get more relevant updates like this, follow SPS Commerce on Facebook, LinkedIn and Twitter.

Brandon Pierre

Brandon Pierre

Customer Success Executive at SPS Commerce
As a customer success executive at SPS, Brandon Pierre works alongside many retailers and suppliers to develop strategies to address their merchandising and supply chain business objectives. With more than 14 years in the buying organization at major retailers, he has experienced first-hand the opportunities of the digital era and how technology can transform the consumer experience through improved retailer and supplier connections.
Brandon Pierre

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Did you like what you read? Get updates like this delivered directly to your inbox.

Subscribe to our blog to receive weekly retail and supply chain news, valuable resources, expert tips and more.