42: Using big data analytics for the supply chain

In this episode, we talk about using big data analytics and why it's important for your supply chain. We look at why executives are having a tough time using data and some tips to help your business analytics. We also discuss the decisions supply chains must make concerning new technology. Finally, we look at why Karl and Reg are sad NFL fans this week. Featured article: E-commerce has shippers at a crossroads "Future competitive advantage will belong to those companies that move from static reports with stale information to real-time, granular data with prescriptive analytics that enables them to determine the best course of action. Without this technological capability, companies will continue to manage discrete networks for their distribution channels rather than the ideal integrated network that supports a unified supply chain strategy." Featured topic: Using big data analytics for your supply chain We discuss the following questions: What is big data? Why there is a need to do actual analysis than just reporting. Why is applying big data challenging? What are the benefits of big data to the supply chain? How to apply big data? Examples of big data application Featured resource: Leveraging supply chain data for competitive advantage Study by Supply Chain Digest on using data to improve your supply chain. Have any questions or show topic suggestions? Contact us: Twitter @Calgaryregion Email: business@calgaryregion.ca Web: squareonesupplychain.ca

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42: Using big data analytics for the supply chain is an episode from Square One Supply Chain Podcast.

This episode is 29:39 long.

This episode was published on Sep 28, 2016.

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