[Datasciencecentral] BigDataFr recommends: Predictive Analytics in the Supply Chain

BigDataFr recommends: Predictive Analytics in the Supply Chain

Predictive analytics are increasingly important to Supply Chain Management making the process more accurate, reliable, and at reduced cost. To be at the top of your game as a supply chain manager you need to understand and utilize advanced predictive analytics.
As a large continuous process the Supply Chain has been extensively studied and is pretty well understood. It goes in well recognized steps from:

1. Procurement
2. In-Bound Logistics
3. Parts Inventory
4. Manufacturing
5. Finished Goods Inventory
6. Fulfillment (customer’s order to delivery)
7. Out-Bound Logistics

As you can see these are not completely unique processes. […]

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By William Vorhies
Source: www.datasciencecentral.com/

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