Trends & Issues

Turning Data Analytics into Value in the Supply Chain

Producing data analytics is not the same as converting analytics into value-producing decisions that maximize the supply chain ROI. Turning data analytics into action is an imperative for the digital global supply chain, but it requires a new way of thinking.
— By Gerald Donald

Embracing digital supply chain solutions has never been more important, a fact emphasized by the COVID-19 pandemic, which rapidly altered sourcing and delivery of goods and services.

Many companies were caught in the middle of a gap of their own making—the gap between data analytics and action.

Data analytics needs to be integrated with strategic planning and crea....