Inventory Optimization
The Role of Data in Business Growth
Evaluate Business Opportunities with Analytics
Capability
Analytics Framework
Business Operations
Marketing
Modeling
Data Analytics for Operational Excellence 
Resource allocation, supply chain
optimization Benefits of Data Analytics in Operational Excellence Implementing data analytics in operational processes can yield numerous benefits, including: 1
...By forecasting demand and adjusting
inventory levels accordingly, the company reduced excess stock by 30% and improved delivery times
...
The Role of Data in Business Growth 3 Operations In operations, data is used to: Supply Chain
Optimization: Analyzing data to streamline supply chain operations
...Inventory Management: Using data to maintain optimal inventory levels and reduce costs
...
Evaluate Business Opportunities with Analytics Resource
Optimization Helps organizations allocate resources more efficiently, reducing costs and maximizing returns
...Amazon Amazon employs predictive analytics to forecast demand and optimize
inventory management
...
Capability Prescriptive Capability Provides recommendations for actions based on predictive analytics and
optimization techniques
...performance: Case Study 1: Retail Industry A leading retail chain implemented advanced prescriptive analytics to optimize
inventory management
...
Analytics Framework Inventory management, marketing campaign
optimization Steps in Building an Analytics Framework Building an effective analytics framework involves several critical steps: Define Objectives: Clearly outline the goals of the analytics initiative
...
Business Operations The key features of prescriptive analytics include:
Optimization of resources Scenario analysis Risk assessment Decision-making support Applications of Prescriptive Analytics in Business Operations Prescriptive analytics can be applied in various areas of business operations, including:
...operations, including: Area Application Supply Chain Management Optimizing
inventory levels and logistics to reduce costs
...
Marketing This includes search engine
optimization (SEO), social media marketing, and email marketing
...Helps in forecasting future sales and optimizing
inventory ...
Modeling It combines predictive analytics with
optimization techniques
...Supply Chain Optimization: Predictive models help businesses forecast demand, manage
inventory levels, and streamline logistics operations
...
Data Analysis Applications Tools/Technologies Retail Customer behavior analysis,
inventory management Tableau, SAS, R Finance Risk assessment, fraud detection Python, SQL, Excel
...prediction SPSS, SAS, R Manufacturing Quality control, supply chain
optimization MATLAB, ERP systems Marketing Campaign performance analysis, customer segmentation
...
Data Mining (K)
Industry Application Retail Customer segmentation,
inventory management, and sales forecasting
...Telecommunications Churn prediction, network
optimization, and customer service improvement
...
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