Analytics means using data and performing statistical analysis on it, applying quantitative and predictive models, in order to arrive at a certain decision. Analytics can be the first step in a process or can rather be an intermediate step as well. Analysis can be done using different set of tools that are available in the market or it can done manually using different concept and formulas. Business intelligence firms like Cognos, SAS and BusinessObjects have developed different tools that are readily available in market that assist in analysis and decision making. Analytics is used in order to find solutions to the problems and the solutions provided enables us to be successful and in the business world allow us to compete with our contenders. …show more content…
As Tata Motors is an automobile company, the raw materials required in production of a car or a vehicle include aluminium, copper, platinum, palladium, rhodium, steel and zinc. The prices for these materials have been increasing in the recent years. An increase in price of input materials could severely impact its profitability. Additionally, increases in fuel costs also pose a significant challenge to automobile manufacturers worldwide, especially in the commercial and premium vehicle segments where increased fuel prices have an impact on …show more content…
It deals with information flow or the flow of products and services. In short it is a relationship of operations and processes. One of the reasons for successes of Tata Motors was their excellent supply chain management. Their efficiency to quickly work with the suppliers in estimating the cost before their contenders is marvellous. In Nano’s case, they quickly estimated the price of the car with the suppliers. They first determined the functional requirements of all the Nano parts without even letting the public know about their intentions. Tata Motors use Ariba Spend Management as their SCM, which is a state of art cost calculating software. It has helped Tata Motors to reduce cost by helping them find new suppliers, rationalize its supply base and run on-time
Kristy May, the company’s CEO and the individual who will be leading the project, estimates that the probability of implementation is 99% (K. May, personal communication, September 23, 2016). Google Analytics is a free and easily accessible tool (Warner, 2015). Therefore, the only costs associated with the project will be the time required to understand and implement a well designed Analytics Program (Warner, 2015). May believes the opportunity costs associated with her time is well worth the potential payoff for the company (K. May, personal communication, September 23, 2016).
The continuous growth of the business analytics software markets signifies an increase in the adoption of business analytics in business organizations. Business analytics has been crucial in optimizing organizations internally as well as maintaining flexibility to overcome unexpected external pressures as businesses shift from operating on intuition to utilizing the growing data volumes. Business analytics is defined as the processes that enable organizations to apply metrics based decision making to all business functions. Among the companies that have been successful with business analytics is Netflix, the American entertainment company. However, other companies, such as Trader Joe’s, although successful, still use the traditional intuition
1. Describe the economic characteristics of the global motor vehicle industry. The characteristics of the global motor vehicle industry are a boom in certain places and a bust in others all due to economic conditions in different nations. Four years after tow of Detroit Michigan’s big three went into bankruptcy American car makers are going “full throttle” with sales in August hitting an annual rate that if substantiated can take them back over 16 million and that is a rate that was last hit before the economic crisis and 80% higher than 2009 when GM and Chrysler went into bankruptcy. The opposite is happening in Europe being in its sixth year slump now and with a weak economy, high petroleum prices and an aging population being weighing factors on mass market car makers. This has led to cost cutting and over capacity for European car makers. This seems to be a trend worldwide as well as car makers are depending on there luxury brands to make them profitable. Tata has seen a profit due to Jaguar and Land Rover surging there net sales up 71% to 566 million dollars and raising revenues 31% to 568.82 billion rupees. This came dispute as the company said “a weak operating environment in the India business which was more than offset by increasing wholesale volumes and richer product and market mixes at JLR”. This is similar to Renault depending on Nissan and sales of cars produced in low cost factories in Romania to cover domestic losses. Mercedes and BMW are generating healthy profits but Volkswagen despite having a leading European market share relies on Audi for 60% of there profits. This is the same story for Tata as Mahantesh Sabarad, an analyst at Fortune Financial Services India Ltd. Stated that JLR is driving more than 100% of ...
Google Analytics is a free web analytics tool by Google, providing statistics and basic analytical data for users who have a Google account and register their websites with Google. Cutroni (2010) has explained that “Google Analytics is a tool to quantitatively measure what happens on your website” (p. 1). To allow Google Analytics to collect information and track visitor behavior, a website owner needs to install a JavaScript tag generated by Google on the website. Some examples of information that can be obtained from Google Analytics are the number of visitors for a specified period, unique visitors, pageviews, demographics data (e.g. language and location), visit duration, traffic source, bounce rates and conversion rate. More importantly, the service enables users to create custom reports, define specific goals and filter particular metrics for the purposes of understanding customer behavior and SEO.
Based on the definitions given by APICS and CSCMP, we believe that SCM is much broader than the fundamental functions such as manufacturing, distribution and logistics. It can contribute to information flows between organizations and its suppliers to eliminate the bullwhip effect and escalate the productivity and capability inside the firm as well.
After understanding the possible outcomes and usages of Big Data Mining and Analytics, the study of the process is necessary to identify the real possibilities behind this techniques and how this can improve a business performance. To do this; we should comprehend the basics about data mining and the process that leads from pure data to insights.
Google analytics can be applied in big as well as small businesses to support decision-making processes. In sense, each kind of business has its own
In addition enterprise analytics must allow for the information to be easily viewed and readable to the persons that must make the critical business decisions that can lead to the success or failure of an organization. Enterprise analytics gives executives a way to see what is happening across the organization at any time. This is the kind of real time knowledge that executives need to keep their companies competitive in the work place.
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,
Google Analytics is a free service from Google which provides a core set of statistics and analytical tools for website administrators to perform the tasks of web analysts such as search engine optimisation and marketing purposes. It uses an advanced technology that can gather vast amount of data to help measure how the company's presence and online marketing is working.
India’s automobile industry is one of the key drivers that promote the economic growth of the country. Personal vehicle ownership in India is increasing at a fast pace as a result of rapid economic growth witnessed in the last two decades. The rise in disposable income (in both rural and urban sector), presence of a wide variety of options to choose from and availability of easy finance are the main drivers of automobile sales in India. The relative popularity of the various segments of vehicles based on their size, price and usage are also undergoing sea changes. Especially in a country like India where motorized and non-motorized informal transports are a major mode of travelling (along with public transport in bigger cities), a fast-paced shift towards private motorized transport is a substantial change. The post globalization period has witnessed the footprints of global automobile majors striding towards India to tap India’s highly potential vehicle market. With manufacturers fighting to capture the biggest slice of the pie in one of the fastest growing automotive markets in the world, the Indian consumer is being offered with extravagantly larger set of vehicles in
Supply chain management is an integrated approach to planning, implementing and controlling the flow of information, materials and services from the raw materials and suppliers for the manufacture of the completed or finished product for the distribution to the customer.
Define the term supply chain and explain what SCM systems attempt to do. What does supply chain simplification entail?
In fact, the per capita consumption of plastic products in India is growing and is moving towards 8% of GDP. The growth of the demand urges India to import plastic products to make up for the shortage in domestic. At the same time, automotive market and packaging industry are experiencing fast development. Packaging consumption is the largest consumption of plastic in India, counting for 24% of overall consumption. In 2009, there was about 2.6 million motor vehicles which were manufactured in India. It was estimated that automobile manufacturing in India could raise 7% in 2015. They need more supports from plastic industry. This has led to an increase in
It is clear that the US consumption of polluting substances like lead, platinum and rubber has dropped due to improvements in the environmental friendliness of auto manufacturing, since these materials have been in use for cars since the 1950s. By replacing materials with those of a lower density has also made an important impact on fuel economy. Studies show that making 10% reduction in mass yields 5% improvement in fuel economy. Indeed, the US automakers in the last 25 years have responded to the government regulations Corporate Average Fuel Economy by changing materials to lighter ones like aluminum and plastics. Newer developments using other components like Magnesium, polymer composites, and ceramics also are helping to make further improvements to fuel