What is big data and how does a business harness it to optimize supply chain management? Big data is simply large volumes of information streaming in at high velocity and in varying formats from multiple internal touch points and external sources. This mega data provides valuable insights that help improve operational efficiency, accurate planning, and continuous innovation, especially for the manufacturing industry. Having big data by itself is of little use unless subjected to proper analytics with defined objectives in focus. Plan adequately for it with superior data systems alongside cloud-based technologies for better collection, storage, analytics, and faster speeds…
How to Optimize Supply Chain Management with Big Data