Types of Analytics in Supply Chain Management
The global supply chain management ensures seamless functioning, enhanced efficiency and productivity, and increased profit margin. It is only possible through proper management and insights into every activity in the supply chain. Analytics in supply chain management is utilised to skim through data insights to filter, address, evaluate, and identify solutions to potential challenges and loopholes in the supply chain. It helps the supply chain management figure out newer strategies and optimise operations to tackle supply chain inefficiencies. It immensely benefits supply chain operations as it finds the exact problems, gives solutions, and can test the potential solutions to identify their efficiency in practical life. Let us look at the different types of supply chain analytics and how they manage supply chain operations. What is the need for analytics in supply chain management? Analytics is indispensable in supply chain management due to several compelling reasons. Firstly, the