{"id":246948,"date":"2022-04-22T04:49:12","date_gmt":"2022-04-22T04:49:12","guid":{"rendered":"https:\/\/imarticus.org\/?p=246948"},"modified":"2022-04-25T04:52:31","modified_gmt":"2022-04-25T04:52:31","slug":"supply-chain-planning-learn-6-applications-of-big-data-in-supply-chain-management","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/supply-chain-planning-learn-6-applications-of-big-data-in-supply-chain-management\/","title":{"rendered":"Supply chain planning: Learn 6 applications of big data in supply chain management"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">It is not hidden from anyone that today&#8217;s world is very competitive and the marketplace too. In the world of globalization, Higher customer expectations, and constant development of activities in the marketplace, you need to always be a step forward from your competitors. That&#8217;s what the whole point of <\/span><span style=\"font-weight: 400;\">logistics and supply chain management courses<\/span><span style=\"font-weight: 400;\"> and big data is.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What is big data?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Big data is explained as a huge set of data that can capitulate or encompass more than an exabyte of data. it makes the traditional systems and applications useless in handling, overseeing, visualizing, and capitulating data in a structured and statistical format. That is why people take up <\/span><span style=\"font-weight: 400;\">SCM professional certifications<\/span><span style=\"font-weight: 400;\"> so that they can get a better understanding of big data and its relation to the supply chain. How is big data connected with supply chain planning and management is a key feature to understand before you take up any <\/span><span style=\"font-weight: 400;\">certification for supply chain professionals<\/span><span style=\"font-weight: 400;\">?<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What is the relationship between big data and supply chain planning?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Many organizations try to make changes and upgrade their Big Data Analysis (BDA) capabilities for its obvious benefits. The <\/span><span style=\"font-weight: 400;\">certification for supply chain professionals<\/span><span style=\"font-weight: 400;\"> gives you that upper hand so that you can be the person the organization needs when they want to manage and handle their data effectively and efficiently.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the &#8216;5V&#8217; type of big data is being used by most organizations as it contains 5 key features of big data. These key features can be categorized as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Variety<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Veracity or verification<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Velocity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Volume<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Value<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The understanding of these 5 V&#8217;s is very important whenever you are thinking of taking up any <\/span><span style=\"font-weight: 400;\">logistics and supply chain management courses. <\/span><span style=\"font-weight: 400;\">as it has been told already that big data has a very important role to play in the management of the supply chain.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">6 major applications of big data in supply chain management<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The applications of big data in supply chain management can be learned by <\/span><span style=\"font-weight: 400;\">certification for supply chain professionals.<\/span><span style=\"font-weight: 400;\"> Big data performs major applications in supply chain management which can be stated as follows:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prediction of inventory:<\/b><span style=\"font-weight: 400;\"> it is considered to be one of the most important applications of big data in supply chain management. Big data helps organizations to calculate and credit the inventory required for the upcoming period.\n<p><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Control of product quality and temperature:<\/b><span style=\"font-weight: 400;\"> industries like food, agriculture, pharmaceuticals, and chemical processing need to sincerely monitor and observe a few distinct features of their supply chain, among which is product quality and temperature, in which they need to be kept. Big data helps organizations to have an idea of the same.\n<p><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Real-time tracking and fulfillment of order:<\/b><span style=\"font-weight: 400;\"> nowadays free sign your order and effective order full payment is a key feature of any supply chain. The inclusion of big data helps organizations to see the traceability of their orders and the fulfillment of each of them.\n<p><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maintenance of machines:<\/b><span style=\"font-weight: 400;\"> machines are a very integral part of industries and supply chains in today&#8217;s time. Big data has its role here as well. It helps the industrialist to maintain their machines and know the depreciation, the value of the machines, or when to repair them as per the calculation of machine life.\n<p><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Keep moving the supply chain:<\/b><span style=\"font-weight: 400;\"> big data has an important role in circulating the movement of the supply chain and that&#8217;s what makes it unique for the management of the same.<\/span><\/li>\n<\/ol>\n<h3><span style=\"font-weight: 400;\">Conclusion<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Although investing in big data can be a tricky option for organizations, the outcomes and the benefits of big data Bend on the heavier side. Therefore, if you are looking for <\/span><span style=\"font-weight: 400;\">logistics and supply chain management courses, <\/span><span style=\"font-weight: 400;\">then the course of<\/span><a href=\"https:\/\/imarticus.org\/professional-certification-in-supply-chain-management-and-analytics-by-IIT-Roorkee\/\"><span style=\"font-weight: 400;\"> professional certification in supply chain management and analytics<\/span><\/a><span style=\"font-weight: 400;\"> by Imarticus in collaboration with IIT Roorkee is the one for you.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is not hidden from anyone that today&#8217;s world is very competitive and the marketplace too. In the world of globalization, Higher customer expectations, and constant development of activities in the marketplace, you need to always be a step forward from your competitors. That&#8217;s what the whole point of logistics and supply chain management courses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[2744,2883,3414,2743],"class_list":["post-246948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics","tag-supply-chain-management-career","tag-supply-chain-management-course","tag-best-supply-chain-planning-and-management","tag-supply-chain-management-online-training"],"acf":[],"aioseo_notices":[],"modified_by":"Imarticus Learning","_links":{"self":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/246948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/comments?post=246948"}],"version-history":[{"count":0,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/246948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media\/246169"}],"wp:attachment":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media?parent=246948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/categories?post=246948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/tags?post=246948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}