What is the role of data analytics in supply chain optimization? 🔊
Data analytics plays a crucial role in supply chain optimization by providing insights into various operational aspects. It allows companies to analyze data related to inventory levels, forecasting demand, supplier performance, and logistics. By employing data analytics, organizations can identify inefficiencies, predict trends, and make informed decisions to streamline operations, reduce costs, and improve customer satisfaction. Ultimately, effective data analytics drives a more agile and responsive supply chain.
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