Data gathered at all supply chain touchpoints, from sourcing and manufacturing to logistics and customer support, is the foundation of Supply Chain Analytics. Key operational choices regarding purchasing, scheduling, holding or carrying capacity, staffing, and other issues are then informed by this data. The most urgent operational needs of firms can be taken into account when adapting, combining, and customising any of these types of Supply Chain Analytics to offer targeted solutions.
For distribution managers, supply chain managers, and other decision-makers, there are five typical forms of Supply Chain Analytics that establish a hierarchy of capabilities:
· Descriptive analytics
· Predictive analytics
· Prescriptive analytics
· Diagnostic analytics
· Cognitive analytics
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