As the year 2018 has started we see some trends emerging in Business Intelligence at ChainPoint. These trends are not necessarily new, but we do see that in 2018 five of these trends will remain important. Generally speaking, we can say that Business Intelligence tools will be a lot smarter and therefore easier to use. This means that business users will increasingly be able to perform business intelligence tasks themselves rather than relying on an IT department.
Many companies and organisations struggle with a multitude of internal and external systems that provide bits and pieces of information on their supply chain performance. Often Excel is used to glue all data together and to make sense of the information available. Although this solution might work for the short term, it is prone to data errors and duplications, plus it takes a lot of time to maintain and operate.
In order to make informed supply chain decisions, you need to gather data from the supply chain and turn it into information you can act upon. Getting insight into your supply chain requires using many different means to capture data across all stakeholders in the value chain. One of the ways ChainPoint supports this is by developing mobile apps.
Corporates in food supply chains are increasingly held accountable for the performance of their suppliers. The industry is reacting to 4 drivers: regulations, stakeholder pressure, investor scrutiny and rising costs. We see that several companies are making bold commitments to foster improvements in their supply chains. For example, in the cocoa supply chain, companies have committed to only buy cocoa sustainably by 2020.