Large amounts of real-time data is being daily generated by internet usage. Nowadays, devices are being interconnected and smart products are also connected with the internet. In order to use this data efficiently, organizations need to re-structure their supply-chain. The motivation is not just to use historical data in the traditional manner; but to combine data from multiple product interactions generated by both consumers and suppliers, connected via cloud portals. Supervised machine learning can search for and capitalize on the patterns and relations that they derive in the data and help in supply chain based decisions. Once implemented, they can be continuously evaluated and improved based on performance. The end aim is to accurately predict the attributes of future demand. Read more at: https://hbr.org/2015/06/inventory-management-in-the-age-of-big-data
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.
Comments