Posted by Sam Pearson, on November 17, 2016
How aftermarket supply chain analytics can create an insight-driven advantage
For today’s supply chain to approach optimization, executives must be able to anticipate problems, not simply react to them. That’s a difficult proposition if companies don’t have windows into the right information at the right time. You can’t change something if you can’t see it coming. However, gaining that insight-driven advantage isn’t out of reach. In fact, as products are increasingly loaded with sensors and monitors, the aftermarket is becoming rich in data. It’s no surprise, then, that interest in using business analytics to extract insight is growing. Many manufacturers have found aftermarket analysis to be highly profitable. Now they can see what products or parts are making the most money, what products are being actively used by consumers, and where they might be failing.