How to Optimize Supply Chain Management with Big Data

張岳庭

D0741017

Source: https://bigdataanalyticsnews.com/optimize-supply-chain-management-with-big-data/

What is big data? How can companies use it to optimize supply chain management? Big data is a large amount of information transmitted from multiple internal contact points and external sources in various formats at high speed.

Unless proper analysis is focused on clearly defined goals, it is almost useless to have big data. Because traditional ERP and SCM systems may not be able to cope, it is necessary to use advanced data systems and cloud-based technologies to properly plan for better collection, storage, analysis and faster speed. According to the article, “The efficient supply chain works well on reliable, accurate and optimized tools. One of them is the transportation status tool, which provides real-time information on all movements on the integrated platform. Big data can learn the system and generate alerts when any shipment is about to arrive or exceeds the plan.” With this data system, you don't have to worry about supply records or accuracy, because every transaction is displayed in the central system. Noticed by the author that "This helps management control overseas subsidiaries and overseas warehouses while intervening in a timely manner when necessary."

According to the author Kurt Walker, “The Internet of Things has made great strides offering limitless opportunities and innovations in business management globally. Big data is the link between businesses and this limitless cloud-based capacity that supply chain managers can tap into to improve the operations immensely. There is no limit to the amount of data you can gather and store on this platform, and the benefits are great.”

Comments

  1. JimmyMay 24, 2020 at 10:51 PM

    This comment has been removed by the author.

    ReplyDelete
  2. JimmyJune 2, 2020 at 6:27 AM

    Advantages of big data in supply chain management
    Big data is only useful if it uses many of the advantages of big data to improve supply chain operations. First, if you link it to a reliable touchpoint, its huge predictive power. You can avoid two extreme inventory levels by forecasting production to match expected demand, thereby ensuring effective use of resources.

    Reducing costs is the key to every business and the main reason why companies are pursuing big data. By analyzing the latest data that is readily available, you can gain insight into new ways to optimize supply chain efficiency, revise standards, and reduce overall costs.

    Another key component of the supply chain is the customer, whose satisfaction is critical. This means that you must have real-time and credible information for customers in order to provide better services, including shipment updates and timely delivery of quality products.

    Big data provides unparalleled support for information and tracking, making your logistics work reliable. In the face of product recalls, big data provides tools for tracking products with global influence, and you can save a lot of resources with just one click. On the big data platform, there is no aspect that cannot be optimized in terms of supply chain operations.
    The Internet of Things has made great progress, providing unlimited opportunities and innovations for enterprise management on a global scale. Big data is the connection between enterprises, and supply chain managers can use this unlimited cloud-based capabilities to greatly improve operations. There is no limit to the amount of data you can collect and store on this platform, and the benefits are great.

    ReplyDelete

Post a Comment

Popular posts from this blog

How Big Data Can Boost Weather Forecasting

張岳庭 D0741017 Source:  https://www.wired.com/insights/2013/02/how-big-data-can-boost-weather-forecasting/ Considering the number of variables involved and the complex interactions between these variables, weather forecasting has always been extremely challenging. The significant increase in data collection and processing capabilities has greatly improved the ability of weather forecasters to pinpoint the time and severity of hurricanes, floods, snowstorms and other weather events. Globally, more and more evidence of climate change is prompting governments and scientists to take action to protect people and property from its effects. But to take effective measures, they need to know more about the weather-from everything that will happen tomorrow to what will happen next year. According to the professor of economics and finance , Alan Anderson, PhD , “Example of an application of big data to weather forecasting is IBM’s Deep Thunder. Unlike many weather forecasting systems...
Read more

How Big Data is Changing the Production Industry

Blog#4 : How Big Data is Changing the Production Industry Name : Aileen 蔣慧玲 Student ID : D0726917 Source :   https://www.productionhub.com/blog/post/how-big-data-is-changing-the-production-industry Information technology plays a major role in Hollywood. Producers have to use big data analytics to get the right consumers and communicate with them well. Big data technologies will help filmmakers figure out the best ways to share their ideas and deliver messages, develop movies and content that involve ethical and societal issues. Therefore, information that we can get from the help of big data can help filmmakers make key decisions. Big Data is Changing the Production Game Big data technology can help filmmakers to connect and engage with consumers more directly using social media, mobile devices and traditional advertising outlets. Using this technology, producers can develop promotions that reaches the right consumer at the right time. It is not enough just to mainta...
Read more

Big Data case study: 5 relevant examples from the airline industry

D0740712 Connie  吳霈晴 Website: https://blog.datumize.com/5-relevant-examples-of-a-big-data-case-study-from-the-airline-industry With the summer vacation coming, travel is the one that people love to do during vacation, especially long vacation, going abroad may be the first choice for many travelers. So this makes me think of what is the relationship between big data and airplanes? How will it apply on the airline industry? This article tells about the benefits of big data on airlines, which covers three main advantages. 1.      Smarter maintenance 2.      Safer flights 3.      Improve service The first one includes the fuel of airplane, by analyzing and predicting, the article takes some specific airplane company as an example, giving the real number and how much they save the cost. Second, safety. Like this kind of transportation has a higher risk to take, if have the big data’s help, th...
Read more