Business Intelligence in logistics has been one of the solutions sought by companies that want to remain profitable amidst the sector’s difficulties that generate high costs. This technology reveals the reason for certain flaws in their performance and provides a new direction to managers, opening up endless possibilities.
For a better understanding of its benefits and where to apply it, keep reading it and get to know what this solution it can provides you!
Understanding Business Intelligence in Logistics and its benefits?
In previous articles, we have explained what Business Intelligence is and how it impacts in logistics while providing digital solution. Therefore, in this article, we will talk about its application and what benefits for the sector it offers.
From the analysis of a large volume of data, business intelligence (BI) converts important data from your company’s logistics into statistics.
Benefits from applying BI
The insights gained are used to increase the efficiency and speed of the supply chain and improve inventory management. Here are the benefits most often cited among users of this technology:
-Faster and more accurate reporting, analysis, or planning;
-Better decision making and data quality;
-Improved employee and customer satisfaction
-Increased competitive advantage
-Increased revenue;
-Cost reduction;
-Identification of flaws in processes and practices that do not generate positive results;
-Provide intelligent strategies focused on optimizing and simplifying processes.
Ways to apply BI in Logistics
Now that we have seen how it works and the benefits of Business Intelligence in logistics, here are some ways to apply it:
– Route and Cargo Optimization
Business intelligence (BI) can optimize routes and payload, reducing the amount of fuel used and consequently the carbonic gas emissions produced.
– Saving time when entering data and making reports
A well configured Business Intelligence in logistics minimizes the time spent entering data and performing calculations.
It also quickly generates reports and data visualization in a single place.
– Preparation of KPI’s according to the business strategy
With this tool you can focus on the metrics that really matter and thus improve your performance.
– Identifying possible areas to cut costs
BI shows which areas of your business you can save money on. For example, if you have a surplus in your inventory, there will be extra costs in purchasing and also in maintenance.
– Increase employee productivity
BI tools can be applied to monitor the tasks and the overall performance of your team.
Thus, it is possible to know where to streamline processes and make your operations more efficient, increasing the productivity of your workforce. These are some examples of how Business Intelligence is used in logistics and the proven benefits that this digital solution has brought to managers.
In short, concentrating less on reporting and being able to focus more on strategies based on accurate data are its main advantages. Combining Business Intelligence with other technologies can give your business a new direction. So, to have a complete experience you need to centralize your systems in one place.
