oboloo Glossary

Data Analytics And Supply Chain Management

oboloo Glossary

Data Analytics And Supply Chain Management

Data analytics and supply chain management is the practice of using data-driven insights to evaluate and optimize production, inventory, and distribution functions. By analyzing data from diverse sources such as sales, transportation, and product usage, companies can identify opportunities for cost savings, efficiency improvements, and risk mitigation. With the help of data analytics and supply chain management, businesses can make better decisions about how to manage their resources — leading to improved customer service, increased profits, and reduced costs.