Big Data revolutionising the supply chains

Website 4 : https://www.supplychaindigital.com/technology/big-data-revolutionising-supply-chains

The study indicates that with the addition of supply chain analysis, manufactures, retailers, distributors can now optimize how best to get products to customers. This has resulted in a 425% improvement in order-to-delivery times.

Big data always helped transactions creating a knowledge-sharing network and it became an important analytics. Also transactions allowed us to capture how, where and when people make purchases. Not only have the previous advantages, big data also reduced the transaction cost that related to leading time. People can decide when to reorder base on the big data information improvement.

In the service industry, the customers always as the right decision position. The suppliers have to do anything to satisfy their customers. Because of the big data, suppliers also have the opportunity to anticipate based on previous orders and market trends. It is also the new style of logistic system, people in the supply chain no longer just stay but to join and realize what customers like.

Effectively using big data in supply chain can reduce the process cost and then find the problem faster. All members work in the supply chain should mutual share their experience and the outcome to achieve the best corporation result. Two-way communication between customers and supplier becomes new service trend that customers are more willing to know and learn the details of the products and service.

Overall, big data occupied a great part of emerging technology in the recent generation; we should try to share the benefit information to receive best corporative results. 

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