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The Future of Business: Supply Chains
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The Future of Business: Supply Chains

How Companies Are Using Data and Analytics to Make their Supply Chains More Connected and Agile

The Economist Intelligence Unit
EIU, 2014
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7

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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.

Take-Aways

  • Companies are increasingly using big data to make their supply chains more nimble and responsive.
  • Supply-chain managers can no longer just cut costs; they have to add value by making their firms more responsive to changing customer needs and to shorter product cycles.
  • As a result, “demand-sensitive networks” are replacing outdated supply chains.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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