Folks have been talking about real-time supply chain management for at least a decade now. And so, with Big Data only recently beginning to make a meaningful impact on how the flow of goods and services is managed, what are we talking about now? Realer time supply chain management?
I kid, of course. But Big Data is driving some very big leaps in the continued evolution of supply chain management right now. And some of these very big innovations are being spearheaded by a global food and beverage company that just happens to be a customer of ours.
In food retail, even incremental streamlining of inventory results in tremendous cost cutting. We’re talking many millions of dollars. This particular organization wants to whittle six days of inventory to just two days. The cost savings will be monumental.
Source: Waterline Data Blog