Get Beyond the Crystal Ball: Leverage Big Data in B2B

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Supply Network Guru
The right Analytics
prabhakar_deosthali   12/14/2013 12:45:12 AM

Big data will surely have big information.

The problem is, unless you know what questions to ask , you won't get the right answers - whether you have big data or not.

The businesses who want to leverage the use of Big data for maximizing their revenues and profit margins need to formulate their queries very carefully to get the right output of the analytics on the Big  Data.

Without the right analytics , Big Data is a heap of garbage.

Finding strong supply chain candidates is no easy task. One answer is close collaboration between industry and educational institutions.
Big-data initiatives allow procurement organizations to transform planning, procurement, inventory management, and supply risk management by leveraging supply side analytics.
Technology plays a critical role in assimilating large and complex data sets from upstream and downstream members of the value chain, analyzing it and modeling it to optimize the supply chain.
What is the total cost of providing your company's products and services, and is the supply chain success measured on this basis?
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