DHL Supply Chain has today launched its latest white paper highlighting the untapped power of data-driven insight for the supply chain. The white paper, titled ‘The predictive enterprise: Where data science meets supply chain’, reveals that most companies are sitting upon a goldmine of un-utilised supply chain data that has the ability to give organisations a competitive edge.
Data mining, pattern recognition, business analytics, business intelligence, and other tools are coalescing into an emerging field of supply chain data science. These new intelligent analytic capabilities are changing supply chains – from reactive operations, to proactive and ultimately predictive operating models.
The implications extend far beyond just reinventing the supply chain; they will help map the blueprint for the next-generation global company – the insight-driven enterprise, DHL said.
“The old ways of doing business are changing as a result of data analytics. No longer can companies run their businesses by looking through the rear-view mirror – they must now look ahead and use the supply chain data available to them to foretell the future if they are to keep up with the competition. Technology has provided a new means to achieve that possibility,” said Lisa Harrington, president of the lharrington group LLC that was commissioned by DHL to identify the opportunities available to companies to anticipate and attempt to predict the future.