Abstract
Supply chain management (SCM) is the process of managing the people, resources, activities, and technology involved in manufacturing and delivering a product or service in order to reduce costs and avoid shortages. Supply chain analytics is the term that refers to the analytical decision-making processes using huge amount of data generated through the supply chain. Analytics in the supply chain is a critical component of SCM. Descriptive, predictive, and prescriptive analytics should be combined to optimize supply chain planning processes.
Original language | English |
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Title of host publication | Springer Series in Advanced Manufacturing |
Publisher | Springer Nature |
Pages | 289-334 |
Number of pages | 46 |
DOIs | |
Publication status | Published - 2022 |
Publication series
Name | Springer Series in Advanced Manufacturing |
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ISSN (Print) | 1860-5168 |
ISSN (Electronic) | 2196-1735 |
Bibliographical note
Publisher Copyright:© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.