The Role Of Predictive Analytics In Supply Chain Management

Predictive analytics in supply chain management is a powerful tool that helps organizations make informed decisions based on data patterns and trends. It involves using statistical algorithms and machine learning techniques to uncover hidden insights from data. Companies are now focusing on creating agile and resilient supply chains that can adapt to disruptions and deliver products and services efficiently. Demand forecasting, inventory management, and risk management are some of the applications of predictive analytics in supply chain management.