Big Data Analysis : Changing Supply Chain Management For The Better

813 Words Aug 12th, 2016 4 Pages
Big data analysis is changing supply chain management for the better. The technology is producing quantifiable improvements in supply chain operations around the globe. Manufacturing logistics is an increasingly complex process, and companies are incorporating big data analysis to manage operations throughout their enterprises. As engineers create more innovative technologies, it is helping firms track and efficiently allocate their vast new resources, and even though big data is fledgling, it is making a positive and powerful impact on daily business operations.

Why Big Data Matters

Big data is a making substantial impact that on the logistics industry. The technology is poised to reshape the shipping industry according to veteran shipping executives. Almost all supply chain managers are familiar with the concept as well as how it can improve their production and distribution processes. Most consumers will cease patronizing a firm if they are not satisfied with their services or goods. By analyzing big data, firms will realize significant efficiency improvements and retain clients longer. For a third of all companies, tracking goods is an issue paralleled only by environmental issues. Big data can help companies increase their troubleshooting response efficiency by over 40 percent.

Big Data Makes Sense out of the Information Milieu

Big data analytics can consolidate and interpret the increasingly massive information produced by logistics operations. The information…

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