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Supply Chain Management For Dummies by Daniel Stanton

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Chapter 18

Building Supply Chain Analytics

IN THIS CHAPTER

check Understanding the goal of analytics

check Preparing for Industry 4.0

check Planning analytics projects

check Improving visibility with scorecards and control towers

check Integrating analytics with scenario planning

The rapid advances in information and communications technologies over the past 50 years have led to an explosion of data — everything from how much stuff your customers are buying to what the weather will be like in Kokomo, Indiana next week. Analytics is the key to making this data useful for your supply chain.

Supply chain analytics is the process of structuring and filtering data in ways that allow you make better decisions and take action to improve your supply chain. Analytics helps you understand the past so that you can predict more accurately what will happen in the future. In other words, analytics can help you can make better decisions, with more confidence.

In this chapter you examine the technology trends that are making huge ...

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