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Thursday, December 27, 2012

Predicting A Supply Chain Network of Fast Data

I don't normally like yearly predictions.  But I found these to be thought provoking.  They all deal with the long proposed suggestion that increasingly transparent information, among multiple players,  about the operation of supply chains will make them much more efficient.   The links with big data analytics are clear. It is suggested that     " ... Fast Data Will Become the New Big Data ...Big Data is everywhere, and we deal with our fair share in today’s complex manufacturing environments. But what is perhaps more daunting is Fast Data – that is, the incessantly changing positions of forecasts, orders, shipments and inventory. This challenge is complicated enough within the virtual enterprise, and becomes downright overwhelming in the context of global trading networks – with multiple tiers of partners trying to manage information changes across unique operating systems.... " 

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