SPECTRA - SUPPLY CHAIN
INTELLIGENCE REDEFINED
Leverages Predictive Analysis, Automate decision making & increase sales
while reducing cost.
SPECTRA - SUPPLY CHAIN
Organizations are facing internal and external supply chain challenges with rising customer expectations. Intense competition combined with insufficient insights on demand, supply, pricing strategy, product mix and the market, may further impact business growth.
In manufacturing or retail, information has replaced real assets as the pivot for decision-making and the insightful action. It is imperative for the organizations to use internal and external data in order to gain in-depth knowledge of the market and evolving customer needs. With the gained knowledge organizations can streamline their operations accordingly.
Challenges in managing efficient supply chain:
- Lack of real time data visibility.
- Lack of synchronization between inventory planning & demand planning.Â
- Frequent stock-outs or excess inventory.Â
- Lack of flexibility in network & distribution to prioritize service levels or cost to serve.Â
Bista | Spectra
Bista’s SPECTRA software is a combination of business rules, machine learning technology, data management, statistical models and visualization techniques to give you powerful insights into your supply chain.
SPECTRA can be categorized into three phases: Strategic Planning, Tactical Planning and Demand Sensing.
STRATEGIC PLANNING
- Inventory categorization
- Multivariate clustering
- Determining best-fit algorithm
- Multi-echelon network calculation
DEMAND
FORECAST
- Demand forecast
- Procurement Plan
- Inventory Transfers
DEMAND
SENSING
- Demand Sensing
- Lost sales modelling
- Price sensititvity
- Inventory levelling
TECHNOLOGY
SPECTRA’s platform is built on Apache Hadoop ® which is easy scalable to store millions of records of transactional data.
This data is then aggregated or summarized at specific product attributes on which the statistical methodologies are performed to get advance demand forecast model.
SPECTRA has machine learning and statistical algorithm which are programmed in Scala that leverages in-memory engine of Apache Spark™ to run fast and large scale data processing.
BENEFITS
Optimized Suppl y Chain.
Optimum inventory distribution within multi-echelon network.
Demand Planning & Inventory
Advanced demand forecasting, reduce overstocking and inventory cost.
Loss Sales Reduction
With accurate forecasting method and safety stock consideration, reduce loss sales.
Customer Insights
Improved customer visibility, reduce customer acquisition cost, identify opportunities to up-sell and cross-sell.
To know more about Spectra, you can refer to our brochure.
CLICK HERE to download it.
