How do predictive analytics transform supply chain management? 🔊
Predictive analytics transforms supply chain management by using historical data and machine learning to forecast future demand and supply trends. This enables companies to optimize inventory levels, reduce costs, and improve overall efficiency. By analyzing patterns and behaviors, businesses can proactively address potential disruptions and make informed decisions regarding production and logistics. Consequently, predictive analytics promotes a more resilient supply chain, enhancing customer satisfaction through timely product availability and better resource allocation.
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