supply chain analytics

Supply chain analytics refers to using data about supply chain processes to garner insights into the processes and — in predictive analytics — to generate predictions that can be used to improve and streamline those processes. Predictive approaches can be used to try out different scenarios and select the best options, as well as to plan for potential situations that could arise. Predictive analytics applied to supply chain challenges can identify risks, find trends, and minimize costs. Supply chain decision making that is informed by predictive analytics can also increase resiliency in unpredictable times.