What Role Does Data Analytics Play in SCM?
What Role Does Data Analytics Play in SCM? Introduction In the modern business environment, data has become the foundation of successful decision-making. From demand forecasting to inventory management, organizations are leveraging analytics to optimize operations and remain competitive. In supply chain management (SCM), the role of data analytics is more significant than ever before. It helps companies identify inefficiencies, reduce costs, and improve customer satisfaction. With platforms like Dynamics 365 Supply Chain Management , businesses can harness advanced analytics to gain visibility, predict demand, and streamline end-to-end supply chain processes. What Role Does Data Analytics Play in SCM? How Data Analytics Transforms Supply Chain Management 1. Enhancing Demand Forecasting One of the primary applications of data analytics in SCM is accurate demand forecasting. By analyzing historical sales data, seasonal trends, and market fluctuations, organizations can predict custo...