How Big Data is Accelerating Supply Chain Dynamics

By Apac CIO Outlook | Friday, August 28, 2020

With the growing concern for climate change, companies are now confronted with the issue of prioritizing environmental sustainability, especially sourcing and supply chain management, which needs improvement and additional research.

Fremont, CA: Manufacturers like construction suppliers, pharmaceutical producers, automobile assemblers, and defense contractors have implemented big data into their supply chain and processes. Big data in design and operations processes and its application to supply chain management have become a major marker for a competitive edge.

In management, big data analytics can simplify sourcing by utilizing vast volumes of various data from suppliers and their partners. By logging inventories and calculating asset productivity, it can reduce cost and improve efficiency. Additionally, collecting and analyzing customer input and engagement allows the delivery of personalized, positive user experiences. Big data enables end-to-end enhancement of product design, development, production, marketing, and support to offer faster decision making and overall operational optimization.

Running different data sources and checking the data from each source is time-consuming. However, both these processes can be automated by advanced software design.

Implementing Big Data

Effective management and implementation of big data analytic is essential in creating green technology. Process development and attitudes towards innovation and employee growth at the management level can establish the success of new green products and sustainable supply chain performance.

Heuristic analysis of big data has created models for procurement and transportation logistics to account for costs, capacities, lead times, and deployment in real-time to allow faster, greener decision making.

Companies are implementing innovations in all stages of big data analysis to manage a vast amount of data. Data storage with flash memory and object-based indexes offer faster access to a substantial amount of raw data. Cloud computing also provides many new and different solutions for hardware and software needs in the big data processing.

Pioneering companies will further apply bog data to different elements of their design, marketing, and operations processes increasing sustainability in the supply chains. Integrating big data with other complementary green technologies will save energy, prevent pollution, and alleviate waste throughout their product design cycles, supply chains, and production practices.