The Importance of Data Analytics In Supply Chain Management

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The Importance of Data Analytics In Supply Chain
Management
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• As of today, an increasing number of enterprises
  use BI tools and advanced analytics methodologies
  to gain real-time insights into business data.
  Using data-driven analytics techniques in
  different fields enables organizations to
  evaluate their business performance and pinpoint
  areas for improvement. At the same time, it aids
  in optimizing business process management
  strategies with intelligent decision-making.
• Data analytics has become even more critical for
  manufacturing companies that thrive on fulfilling
  the needs and expectations of their customers. A
  majority of manufacturing companies implement
  advanced analytics techniques to efficiently
  manage their inventory, warehouse, sales, and CRM
  operations. However, they often overlook the
  importance of data analytics in supply chain
  management.
• In this post, we shed light on the significance
  of implementing data analytics features in supply
  chain application development.

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• Supply Chain Analytics Why Does It Matter?
• The term analytics represents the ability of a
  system to make data-driven decisions using
  advanced algorithms and data visualization
  techniques. That said, supply chain analytics
  deals with the effective management of data
  associated with supply chain operations.
  Understandably, supply chains produce enormous
  amounts of data on an everyday basis. According
  to experts, this data holds a hidden value that
  can provide ample information about the existing
  SCM strategies and their efficacy.
• However, a major amount of supply chain data is
  unstructured. Thus, we require advanced software
  tools to make sense of this data and extract
  hidden patterns to gain valuable insights.
  Besides, the use of data analytics in supply
  chain management fosters the use of cognitive
  technologies such as artificial intelligence and
  machine learning.

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• Why Choose Oodles ERP For Supply Chain
  Application Development?
• We are a 360-degree ERP development company that
  provides complete enterprise solutions for
  cross-industry business use cases. Our
  development team is skilled at implementing data
  analytics in supply chain management processes to
  streamline complex SCM operations with reduced
  manual strain. We use open-source ERP platforms
  like Odoo, OFBiz, ERPNext, and Opentaps to
  develop data-driven supply chain software
  solutions. Our BI software development services
  let you scrupulously optimize your operations and
  achieve business goals with intelligent
  decision-making. To know more about supply chain
  software development services, visit our website
  or drop us a line at erp_at_oodles.io.