Supply Chain Analytics is witnessing significant growth owing to the rapid increase in the volume of business data across various industries such as retail, manufacturing, consumer goods, healthcare, and transportation. This increase in data is compelling organizations to adopt analytics solutions for converting raw data into meaningful insights.
Supply chain analytics solutions are gaining momentum and are witnessing high demand from enterprises across different industry verticals. Manifold benefits offered by these solutions, such as accurate forecasting and Business Intelligence (BI), help in optimizing the supply chain, minimizing the wastage, and increasing the organizational revenues. Benefits such as competitive advantage, effective decision-making, and ability to provide benefits to all functioning areas of the supply chain are keeping the market prospects upbeat. Additionally, supply chain analytics solutions are in strong demand globally owing to their ability to offer end-to-end visibility and help enterprises in making strategic decisions in real time.