Supply Chain Analysis

Supply Chain Analysis

Supply chain is a network of organizations, activities, people and resources which

contribute in creating and selling products .It starts with moving raw materials and components from

suppliers to manufacturer and finally to the customers (Rouse,M. supply chain).However in

(Myerson,P.Supply Chain Analytics ) article , depending on this method becomes more challenging

because of the latest effects of economics which cause the decries in suppliers, high cost of fuel, and

also the high customers predictions through the shifts in pricing. Moreover, the competition is

increasing as Myerson Sayed “low-cost outsources” which lead to the waste of time and money;

therefore, data analysis should be applied.  Simply, data analysis is a discipline that help to test the

raw data and build outcomes of information. In order to give the ability to vision the future and make

better decisions to the decision makers in business, some companies and industries use data analysis

specially to improve forecasting and operations planning .

There are some requirements in order to build supply chain analysis such as:

Mapping the chain by using a flow chart to get a general review of the chain, the product flow, the

interaction between each part of the chain .

Also, the economic accounts corresponding to the activities of the agents involved in the chain. This contains of measuring the quantity that observed in their flow of material in physical and in financial terms. As a result, analysts will have the ability to estimate the relative importance or different parts of the chain which lead to an appropriate use of time and resources.