How This Workflow Works
This workflow integrates product, inventory value, stockout, warehouse, and facility data from various sources. It forecasts quantities to produce, analyzes stockout risk, compares inventory value to a given KPI threshold and calculates key logistics metrics, such as optimal round-trip routes and shortest paths. The workflow then generates interactive dashboards that present relevant supply chain views for different professional roles. Additionally, a supplementary workflow can be scheduled to scrape daily fuel cost data and incorporate up-to-date information that supports logistics planning.
Key Features:
- Generate tailored dashboards for multiple supply chain roles
- Forecast demand and inventory trends using time series analysis
- Calculate and visualize distances and routes between warehouses and production sites
- Integrate real-time fuel cost data for accurate logistics cost estimation
Step-by-step:
1. Integrate and Prepare Supply Chain Data:
The workflow ingests and prepares data from multiple Excel files, including product demand information, inventory levels and values, stockout records, and location data for warehouses and facilities. It performs preprocessing steps such as cleaning, standardization, aggregation and enrichment, including the retrieval of location geometries.
2. Forecast Manufacturing Demand and Inventory Stockout Levels:
Using historical product and inventory data, the workflow applies time series forecasting models to predict future demand, and inventory stockout levels. This helps demand planners and inventory analysts anticipate stock needs and avoid shortages or overstock situations.
3. Optimize Routes and Estimate Logistics Costs:
The workflow computes distance matrices between warehouses and production sites. It then identifies optimal transportation routes between facilities using both heuristic and exact optimization algorithms. In synergy with a supplementary workflow, it can incorporate daily-updated fuel cost data to estimate transportation expenses, supporting logistics analysts in route planning and cost control.
4. Visualize and Share Role-Specific Insights:
Interactive dashboards present tailored views for different supply chain professionals. Users can explore forecasted manufacturing demand, inventory trends, stockout predictions, and route maps, making it easier to analyze and act on supply chain data relevant to their responsibilities.