Role of Data Analytics in Supply Chain Management | Benefits of Data Analytics in SCM

Role of Data Analytics in Supply Chain Management
Its main role in Supply Chain Management to:
Identifying loopholes(Weak Links) in SC
Optimizing Operations,
Enhancing efficiency.
Improving decision-making
Selecting Right Partners
Processing Huge/Big Data

Role of Data Analytics in different Components of Supply Chain Management.:-
Demand Forecasting/Demand Planning
Sourcing and Procurement
Supplier Management
Production Planning
Inventory Management
Logistics & Transportation Management
Distribution Management
Customer Relationship Management (CRM)
Risk Management
Sustainability and Compliance
End-to-End Visibility
Returns Management
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