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Business Analytics In Supply Chain Management

oboloo Glossary

Business Analytics In Supply Chain Management

Business analytics in supply chain management is a process of collecting, analyzing, and utilizing data to improve the performance of an organization’s supply chain operations. By monitoring key performance indicators such as cost, delivery times, and customer satisfaction, businesses can make informed decisions that will help them increase their revenues, reduce their costs, and optimize their operations. With business analytics, companies can gain insights on how their supply chain is performing and take steps to ensure it remains competitive. From forecasting demand for products to understanding customer behaviors, business analytics helps organizations maximize their profits and minimize their risks in the ever-changing world of global commerce.

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