Big data analysis plays an essential role in the supply chain management sector. As the present day technology advances steadily, so does the supply chain activities. However, the incorporation of big data analytics in the field of supply chain management is very recent a phenomenon.
Here are some of the major reasons why big data analytics is so crucial for the advancement in the supply chain management sector: • Big data analytics has been predicted to be reshaping the shipping industry by improving the processes related to manufacturing, distribution and delivery. This will help firms to develop efficiency and retain clients. • One-third of organizations face product tracking issues just due to environmental conditions. Big data analytics can help supply chain firms to improve their troubleshooting skills and enhance response rate by 40 percent.