Supply Chain Optimization
Opportunities
Understanding Organizational Analytics
Drive Innovation with Data Analytics
Data Analysis Techniques
Analyzing Data for Business Insights
Impacts
Data Mining for Data Governance
Visual Analytics for Business Intelligence 
Operations
Supply chain optimization Inventory management Process improvement analysis 4
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Opportunities Key benefits include: Process
Optimization: Streamlining operations to reduce costs and improve service delivery
...Supply Chain Management: Enhancing inventory management and logistics through predictive analytics
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Understanding Organizational Analytics Supply chain optimization, marketing strategy development
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Drive Innovation with Data Analytics Key components of prescriptive analytics include: Component Description
Optimization Identifies the best course of action by maximizing or minimizing certain objectives, such as cost or efficiency
...Amazon E-commerce Prescriptive analytics for inventory management Enhanced
supply chain efficiency and reduced costs
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Data Analysis Techniques It answers the question, "What should we do?" Key Techniques
Optimization Models: Using algorithms to find the best solutions under given constraints
...Applications Prescriptive analysis is utilized in:
Supply chain management Financial planning Marketing strategy formulation Advantages Enables proactive decision-making
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Analyzing Data for Business Insights Resource allocation,
supply chain optimization, marketing strategies
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Impacts Area of Impact Description Example
Supply Chain Management Data analysis helps in forecasting demand and managing inventory levels
...Process
Optimization Identifying bottlenecks in production processes to enhance throughput
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Data Mining for Data Governance Procter & Gamble
Supply Chain Optimization Enhanced inventory management, reducing costs by 15%
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Data-Driven Insights This involves:
Optimization algorithms Simulation techniques Decision analysis Tools for Data Analysis There are numerous tools available for data analysis, each serving different purposes
...Walmart Walmart analyzes customer purchase data to optimize
supply chain management and improve stock levels, resulting in reduced costs and enhanced customer service
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Innovation Optimizing
supply chain logistics
...Optimization: Identifying the best course of action based on the analysis
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