Information technology & supply chain management: role of big data on efficiency

Abstract

The study bridges the gap in between the 2 intersecting domains, information science and supply chain management. The information could be examined for listing management, forecasting and prediction, that is in the type of accounts, forecasts and queries. Due to the cost, weather patterns, complex nature and economic volatility of business, the forecasts might not be accurate. This has led to the development of Supply chain analytics. It's the application of quantitative and qualitative techniques in order to resolve related issues and to foresee the results by considering quality of information. The problems like improved effort between companies, customers, governmental organizations and retailers, businesses are developing Big Data strategies. Large Data uses will be connected for Supply Chain Management throughout the fields as procurement, warehouse operations, transportation, advertising as well as for sensible logistics. As supply chain networks getting great, much more complicated and driven by needs for more demanding service levels, the kind of information which is handled as well as examined likewise gets to be more complicated. The existing labor aims at providing an introduction of adoption of abilities of Data Analytics included in a "next generation" architecture by creating a linear regression type on a sales-data. The paper additionally covers the survey of how large data techniques may be used for storage, managing, processing, visualization and interpretation of data in the area of Supply chain.

Keywords

• big data
• supply chain management
• supply chain analytics
• supply chain network