article thumbnail

13 Important Roles of Data Analytics in Supply Chain Optimization

SCMDOJO

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. What’s more, data analytics can help businesses implement ‘just-in-time’ (JIT) inventory management. Download from the below link.

article thumbnail

What is supply chain resiliency?

IBM Supply Chain Blog

For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Just-in-time (JIT) became an artform and masters of the practice achieved new levels of precision. Why is supply chain resiliency important?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Management Trends 2019

EazyStock

Let’s dig into the future supply chain trends that could transform your supply chain and logistics operations! Distributed Inventory. At what point does long delivery time become a deal-breaker for you? A real-life example of digital twin technology can already be seen in some modern cars.

article thumbnail

The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

It eliminates waste and enables companies to manufacture products at lower costs. Optimized supply chains lead to improved profit margins. Customers receive orders on-time without backlogs. Accurate demand forecasts enable effective supply chain planning.