Better Data-Driven Decisions: Best Practices for Energy Companies
An e-book for energy companies that want to improve decision-making with analytics
80% of energy companies are already building or starting to build a data-driven culture. That’s because the benefits are compelling. Many see a 15% increase in VMI delivery volume and over 6% more sales profitability. If you are looking for practical advice to achieve this, you have come to the right place. Your journey starts with 2 steps:
- Driving supply chain visibility: implementing descriptive analytics to understand your performance over time.
- Analytics-driven improvements: implementing advanced solutions for proactive decision-making.
The e-book outlines 4 different analytics solutions you can implement to start gaining supply chain visibility at your energy company. These are:
- A performance analysis
- A data quality analysis
- A customer scorecard which looks at on-time deliveries, drop sizes, and more.
- A driver scorecard which looks at overtime, planned vs actual delivery, and more.
It will also take you through useful examples, such as:
- Understanding your cost to serve
- Planned vs actual analysis
- Asset analysis
You will uncover how to tap into your own analytics tools and environment to achieve this, and how you can use ORTEC Analytics to improve decision-making.