4 Common Areas for Supply Chain Improvement (News)

4 Common Areas for Supply Chain Improvement (News)

IoT-Busines-NewsIoT Business News is a 100% online media, focusing on the business side of the Internet of Things and Machine-to-Machine markets. This article below is originally published at IoT Business News, and its addresses crucial impact of data analytics on supply chain – in 4 major ways.

Supply chains are made up of so many interconnected moving parts that, even if the chain as a whole is functioning, there are always improvements available to make business outcomes a little better. Or a lot better. Here are four common areas for supply chain improvement organizations can achieve through data analytics.

 

  • Finding Better Ways to Manage Inventory
  • Identifying Recalls
  • Reducing Order-to-Cycle Delivery Times
  • Managing Risk

 

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