Ventana Research Finds Untapped Market for Supply Chain Business Intelligence.New Research Shows Failure to Adopt Dedicated BI Technology Impeding im·pede tr.v. im·ped·ed, im·ped·ing, im·pedes To retard or obstruct the progress of. See Synonyms at hinder1. [Latin imped Operational Performance SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Ventana Research's new research study, "Supply Chain Business Intelligence - Adoption, Use and Practice" indicates that companies have yet to take advantage of business intelligence for the supply chain. The research also shows that lack of BI technology use is hindering hin·der 1 v. hin·dered, hin·der·ing, hin·ders v.tr. 1. To be or get in the way of. 2. To obstruct or delay the progress of. v.intr. progress for enabling Operational Performance Management. "We've found that most companies are looking to apply BI primarily to sharpen sharp·en tr. & intr.v. sharp·ened, sharp·en·ing, sharp·ens To make or become sharp or sharper. sharp the accuracy of forecasting, reduce costs, reduce inventory levels and better understand the drivers of customer demand," said Colin Snow, Ventana Research's VP and Research Director - Operational & Supply Chain Performance Management. "It's also clear that as a whole - across all the elements of supply chain BI - most companies have substantial room for improvement." Ventana Research will expand on the key findings of this research study, Supply Chain Business Intelligence - Adoption, Use and Practice, at a live interactive webinar on Thursday, May 10, 2007 from 9:00am-10:00am Pacific. Sign up for the webinar at www.ventanaresearch.com/webinars. Among the key research findings, Ventana Research uncovered: Lack of access to supply chain data hinders success. Research finds data access, including the length of time and a lack of integration between supply chain systems, impedes needed real time data acquisition and reporting. Spreadsheets and custom applications are part of the problem. Nearly half of companies use spreadsheets or other desktop applications for supply chain BI, and nearly one-third use applications developed in-house. Key metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. difficult to find, not timely and sometimes incomplete. Less than half of the companies reported that they had access to supply chain profitability and process metrics impacting the ability to measure, evaluate and control business processes. Most want integration of financial and forecast data, very few have it. Nearly all of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said integrating forecast, planning and other time-phase data with supply chain data for BI purposes is important, but only half have actually integrated it. The research, sponsored by technology providers Cognos and Salient Corporation, is based on an analysis of 427 validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. respondents. The survey was conducted with the assistance of media partners that included businessintelligence.com, DM Review, Intelligent Enterprise, Montgomery Research, Software Magazine, Supply & Demand Chain Executive and Technology Evaluation Centers This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. . About Ventana Research Ventana Research is the leading research and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal firm focused on the intersection of people, processes, information and technology to enable breakthrough performance. By providing expert insight and detailed guidance, Ventana Research helps clients operate their companies more efficiently and effectively. To learn how Ventana Research Performance Management workshops, assessments and advisory services can impact your bottom line, visit www.ventanaresearch.com. (c) 2007 Ventana Research, Inc. |
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