Supply Chain is an industry that relies on redundancies to guarantee inventory and material availability for critical processes in other industries. It is necessary to analyze risk associated with inventory and time to delivery. Awareness of risk allows for supply chain managers to mitigate against and control risk drivers. Having a strategy in place will improve success in alleviating your pain points.
Much like in supply chain, team strategists in sports evaluate the risk associated with performance on the scoreboard. Coaches work with team strategists to make determinations around on-field matchups. They can use data from what-if analyses to adjust strategy on the fly to improve success against their opponents. By evaluating passing over shooting or shooting from distance instead of up-close coaches can use historic performance data to drive decision-making in real time.
Oracle Analytics Cloud has what-if analysis feature built in with parameters. This feature allows you to adjust known attributes to see how they would perform under different conditions. Let’s say you want to know your inventory levels if delivery is 4 days late, or how a player would perform if they shot for three points instead of two. By utilizing the Oracle Analytics Cloud what-if analysis feature in parameters you visualize those adjustments on your dashboard. This gives you more control over risk and empowers more strategic decision-making. Learn more about this feature by watching the attached video.