Supply Chain Optimization
Data Science
Data Mining Tools
Data Mining
Drive Strategic Business Outcomes
Approaches
Understanding Analytics Impact
Supporting Sales Strategies Using Data
Leverage Analytics for Informed Decisions 
the key features and benefits of prescriptive analytics: Feature Description
Optimization Helps in maximizing efficiency and minimizing costs by analyzing various scenarios
...Company Industry Outcome Amazon E-commerce Optimized
supply chain and improved inventory management
...
Data Science Manufacturing: Predictive maintenance, quality control, and
supply chain optimization ...
Data Mining Tools Healthcare: Patient diagnosis, treatment
optimization, and operational efficiency
...Manufacturing: Quality control, predictive maintenance, and
supply chain optimization
...
Data Mining Telecommunications: Churn prediction, customer segmentation, and network
optimization ...Manufacturing: Predictive maintenance, quality control, and
supply chain optimization
...
Drive Strategic Business Outcomes Key components of prescriptive analytics include:
Optimization algorithms Simulation techniques Decision analysis Benefits of Prescriptive Analytics Benefit Description Improved Decision-Making Provides actionable insights that help
...Company B Manufacturing Reduced production costs by 20% by optimizing
supply chain processes
...
Approaches This approach combines data analysis with
optimization and simulation techniques
...Applications Industry Application Logistics Optimizing
supply chain operations and delivery routes
...
Understanding Analytics Impact Resource allocation,
optimization problems
...Benefits include: Optimized
supply chain management
...
Supporting Sales Strategies Using Data include: Target Market Identification Value Proposition Development Sales Channel Selection Sales Process
Optimization Performance Measurement 2
...Operational Data Information on business processes, inventory levels, and
supply chain performance
...
Analysis Prescriptive Analysis: Provides recommendations for actions based on predictive insights, often incorporating
optimization techniques
...Supply Chain Optimization: Forecasting demand to improve inventory management and reduce costs
...
Efficiency Process
Optimization Analyzing and refining business processes can lead to significant efficiency gains
...Amazon Amazon utilizes advanced data analytics and automation to streamline its logistics and
supply chain operations
...
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