4) Maximizing Efficiency

Analytics facilitate improved visibility, better supplier-buyer relationships, and smarter tools, ultimately making it easier for a company to assess risk at different points in the supply chain. All this information bolsters your system’s predictability, thereby reducing the chance of costly interruptions or mistakes.

In the end, all of these applications of big data contribute to a single macro-level improvement: maximized efficiency of your supply chain. Implementing analytics into your operations can reduce reaction times by 41%, and can boost order-to-cycle delivery speed by 425%. After integrating big data into their supply chains, 36% of companies reported an increase in efficiency of 10% or more, according to an Accenture report.

To that end, successfully integrating the power of big data and analytics into your supply chain management network will yield measurable results, putting you and your business ahead of the game.


Get the latest Supply Chain articles delivered to your inbox.

Latest Articles

Blog - 04.20.2017

The Modern Silk Road

China and London Are Now Connected by Freight Train

Blog - 04.18.2017

Hitting the Road

The Trucks of the Future Will Drive Themselves

Blog - 04.13.2017

Disaster Relief

Haiti and the Humanitarian Supply Chain