scholarly journals Data analytics in supply chain management

2020 ◽  
Author(s):  
Hendro Wicaksono
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Industrial Revolution ◽  
Demand Forecasting ◽  
Chain Management ◽  
Strategic Sourcing ◽  
Management Processes ◽  
The Impact

The presentation discussed the impact of the technologies related to the 4th industrial revolution on big data. The 4th industrial revolution ecosystem is characterized by the presence of smart PPR (Product, Process, and Resource) who generates data. It transforms the product-based business model to product-data-driven service model. Big data also exist due to the digital transformation of supply chain management processes. Data analytics and machine learning can improve the supply chain management processes, such as demand forecasting, production, strategic sourcing, etc. Finally, the presentation gives some examples of the application of data analytics in real companies.

scholarly journals The impact of big data and business analytics on supply chain management

2015 ◽  
Vol 9 (1) ◽  
Author(s):  
Hans W. Ittmann
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Business Analytics ◽  
Chain Management ◽  
Business Competitiveness ◽  
The Impact ◽  
Proper Analysis

Background: Change is inevitable and as supply chain managers prepare for the future they face many challenges. Two major trends over the last few years are the growing importance of ‘big data’ and analysing these data though ‘analytics’. The data contain much value and companies need to capitalise on the variety of data sources by in-depth and proper analysis through the use of ‘big data’ analytics.Objective: This article endeavours to highlight the evolving nature of the supply chain management (SCM) environment, to identify how the two major trends (‘big data’ and analytics) will impact SCM in future, to show the benefits that can be derived if these trends are embraced and to make recommendations to supply chain managers.Method: The importance of extracting value from the huge amounts of data available in the SCM area is stated. ‘Big data’ and analytics are defined and the impact of these in various SCM applications clearly illustrated.Results: It is shown, through examples, how the SCM area can be impacted by these new trends and developments. In these examples ‘big data’ analytics have already been embraced, used and implemented successfully. Big data is a reality and using analytics to extract value from the data has the potential to make a huge impact.Conclusion: It is strongly recommended that supply chain managers take note of these two trends, since better use of ‘big data’ analytics can ensure that they keep abreast with developments and changes which can assist in enhancing business competitiveness.

scholarly journals The Impact of Big Data Analytics on Company Performance in Supply Chain Management

2019 ◽  
Vol 11 (18) ◽  
pp. 4864 ◽  
Author(s):  
Oncioiu ◽  
Bunget ◽  
Türkeș ◽  
Căpușneanu ◽  
Topor ◽  
...  
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Company Performance ◽  
Chain Management ◽  
Security Technologies ◽  
Main Component ◽  
The Impact

Big data analytics can add value and provide a new perspective by improving predictive analysis and modeling practices. This research is centered on supply-chain management and how big data analytics can help Romanian supply-chain companies assess their experience, strategies, and professional capabilities in successfully implementing big data analytics, as well as assessing the tools needed to achieve these goals, including the results of implementation and performance achievement based on them. The research method used in the quantitative study was a sampling survey, using a questionnaire as a data collection tool. It included closed questions, measured with nominal and ordinal scales. A total of 205 managers provided complete and useful answers for this research. The collected data were analyzed with the Statistical Package for the Social Sciences (SPSS) package using frequency tables, contingency tables, and main component analysis. The major contributions of this research highlight the fact that companies are concerned with identifying new statistical methods, tools, and approaches, such as cloud computing and security technologies, that need to be rigorously explored.

scholarly journals A Study on an Extensive Hierarchical Model for Demand Forecasting of Automobile Components

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Cisse Sory Ibrahima ◽  
Jianwu Xue ◽  
Thierno Gueye
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Demand Forecasting ◽  
Big Data Analytics ◽  
Support Vector ◽  
Chain Management ◽  
Wide Range ◽  
Auto Parts

Demand forecasting and big data analytics in supply chain management are gaining interest. This is attributed to the wide range of big data analytics in supply chain management, in addition to demand forecasting, and behavioral analysis. In this article, we studied the application of big data analytics forecasting in supply chain demand forecasting in the automotive parts industry to propose classifications of these applications, identify gaps, and provide ideas for future research. Algorithms will then be classified and then applied in supply chain management such as neural networks, k-nearest neighbors, time series forecasting, clustering, regression analysis, support vector regression and support vector machines. An extensive hierarchical model for short-term auto parts demand assessment was employed to avoid the shortcomings of the earlier models and to close the gap that regarded mainly a single time series. The concept of extensive relevance assessment was proposed, and subsequently methods to reflect the relevance of automotive demand factors were discussed. Using a wide range of skills, the factors and cofactors are expressed in the form of a correlation characteristic matrix to ensure the degree of influence of each factor on the demand for automotive components. Then, it is compared with the existing data and predicted the short-term historical data. The result proved the predictive error is less than 6%, which supports the validity of the prediction method. This research offers the basis for the macroeconomic regulation of the government and the production of auto parts manufacturers.

Adoption of Big Data Analytics in Supply Chain Management

2021 ◽  
Vol 14 (2) ◽  
pp. 88-107
Author(s):  
Amin Khalil Alsadi ◽  
Thamir Hamad Alaskar ◽  
Karim Mezghani
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Top Management ◽  
Management Support ◽  
Chain Management ◽  
Top Management Support ◽  
Intention To Adopt

Supported by the literature on big data, supply chain management (SCM), and resource-based theory (RBT), this study aims to evaluate the organizational variables that influence the intention of Saudi SCM professionals to adopt big data analytics (BDA) in SCM. A survey of 220 supply chain respondents revealed that both top management support and data-driven culture have a high significant influence on their intention to adopt BDA. However, the firm entrepreneurial orientation showed no significant effect. Also, the findings revealed that supply chain connectivity positively moderates the link between top management support and intention. This study contributes to the practical field, offering valuable insights for decision makers considering BDA adoption in SCM. It also contributes to the literature by helping minimize the research gap in BDA adoption in the Saudi context.

Big Data and Cloud Computing

2018 ◽  
pp. 1-28 ◽  
Author(s):  
Marcus Tanque ◽  
Harry J Foxwell
Keyword(s):  
Cloud Computing ◽  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Large Scale ◽  
Big Data Analytics ◽  
Chain Management ◽  
Computing Services ◽  
Cloud Computing Services

Big data and cloud computing are transforming information technology. These comparable technologies are the result of dramatic developments in computational power, virtualization, network bandwidth, availability, storage capability, and cyber-physical systems. The crossroads of these two areas, involves the use of cloud computing services and infrastructure, to support large-scale data analytics research, providing relevant solutions or future possibilities for supply chain management. This chapter broadens the current posture of cloud computing and big data, as associate with the supply chain solutions. This chapter focuses on areas of significant technology and scientific advancements, which are likely to enhance supply chain systems. This evaluation emphasizes the security challenges and mega-trends affecting cloud computing and big data analytics pertaining to supply chain management.

Big Data Analytics in Supply Chain Management

2021 ◽  
pp. 2443-2457
Author(s):  
Nenad Stefanovic
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Data Analytics ◽  
Data Science ◽  
Big Data Analytics ◽  
Current Approach ◽  
Data Systems ◽  
Chain Management ◽  
Big Data Systems

The current approach to supply chain intelligence has some fundamental challenges when confronted with the scale and characteristics of big data. In this chapter, applications, challenges and new trends in supply chain big data analytics are discussed and background research of big data initiatives related to supply chain management is provided. The methodology and the unified model for supply chain big data analytics which comprises the whole business intelligence (data science) lifecycle is described. It enables creation of the next-generation cloud-based big data systems that can create strategic value and improve performance of supply chains. Finally, example of supply chain big data solution that illustrates applicability and effectiveness of the model is presented.

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