The Economist Intelligence Unit reports that big data is the next big trend in supply chains in this succinct but educational look at the future of logistics. Businesses can certainly use information to make their supply chains faster and more efficient, and their operations more nimble and adept. But the challenge for most firms is how to parse, dissect and leverage the data now available from myriad sources such as cloud technologies and social media. getAbstract suggests this instructive recap to logistics and risk managers, procurement specialists, vendors, and executives working to incorporate big data into their businesses’ supply chains.
In this summary, you will learn
- How big data is changing supply chains;
- How major corporations are using logistics to add value; and
- What tools can help businesses cut inventories, mitigate supply risk and plan for customer demand.
About the Author
The Economist Intelligence Unit is an independent research and analysis organization.