Big Data Analytics In Supplier Chain Management-A Literature Review

Abstract

Big Data Analytics offers vast prospects in todays business transformation.Big Data in different aspect is helping the businesses in the areas of Logistics and Supply Chain. Through Big Data, businesses are in a position to collect, update,store, use versatile set of data relating to different processes and activities of the business. This paper intends to explore the premises where big data analytics plays more crucial roles in Supply Chain Management (SCM).The investigation ranges from the fundamentals of big data analytics, its taxonomy and the level of maturity of big data analytics solutions in each of them, to implementation issues and best practices. This paper describes the current situation, actual solutions and presents exemplary use-cases for illustration. A classification regarding the area of application and potential benefits arising from Big Data Analytics are also given. Furthermore, this paper outlines general technologies to show capabilities of Big Data analytics