Supply Chain Analytics: What It Is, Why It Matters, and More
Feb 15, 2024 · Descriptive analytics uses data to describe trends and relationships, such as supply chain performance or a warehouse’s inventory levels. Logistics professionals use descriptive analytics, consequently, to understand how a …
Supply Chain Analytics: A Guide To Improve Supply Chain KPIs
Dec 12, 2023 · Descriptive analytics is a technique that provides visibility and a source of information across the supply chain by analyzing historical data to understand past performance and trends. In simple words, descriptive analytics answers “what happened?”
What Is Supply Chain Analytics? - IBM
Mar 27, 2017 · Learn what supply chain analytics is and how it can help organizations improve their products, processes and performance. Explore the different types of supply chain analytics, such as descriptive, predictive, prescriptive and cognitive, and how they can …
Supply Chain Analytics: What it is & Why is it Important - Gartner
Descriptive analytics answer the question of what is happening or has happened in the supply chain (through mining, pattern analysis, visualization). Diagnostic analytics clarify the “why” behind an event or an observation (through query, root-cause, what-if analysis).
Supply Chain Analytics | Journal | ScienceDirect.com by Elsevier
Descriptive supply chain analytics by applying statistical models to understand a supply chain's past and current data and display it with charts and graphs to answer questions about the current health of a supply chain.
Descriptive analytics - (Supply Chain Management) - Fiveable
Descriptive analytics refers to the process of analyzing historical data to understand past events and trends. It provides insights into what has happened in a given supply chain, helping organizations make sense of their performance and identify patterns.
Supply Chain Analytics Explained: How it Works & Use Cases
Descriptive analytics is the process of interpreting historical data. The result is often used to answer the questions “what happened?” or “what is happening?” in a business’s operations. In the context of the supply chain, this involves understanding the historical state of everything from inventory levels to delivery times to consumer reviews.
Artificial intelligence and prescriptive analytics for supply chain ...
Sep 29, 2023 · The vulnerability of SCs highlighted by recent global events motivated this study to provide a state-of-the-art of AI and predictive analytics research in supply chains, with the overarching goal of outlining the applications that can enable the …
Descriptive Analytics for Supply Chain Success - 3SC
Sep 2, 2022 · Discover the power of descriptive analytics in transforming your supply chain. Learn how to uncover valuable insights, optimize operations, and make decisions.
Supply Chain Analytics: Overview, Emerging Issues, and
Jun 17, 2023 · Descriptive analytics utilizes data collection, visualization, and analysis to provide hindsight as to what happened. To gain insight and minimize risks with decisions, predictive analytics mainly employs simulation techniques and statistical tools to forecast what can happen.