According to Dave Blanchard (Industryweek), customer’s demands for lower delivered costs are seen to be a big challenge. But, by using predictive analysis, we can identify patterns and predict future events. An organization using predictive analysis can make better decisions. George Prest (CEO of MHI) says that companies that continue to use traditional supply chain models will struggle in the future. According to the MHI/Deloitte study, it was found that less than 25% of companies have adopted predictive analytics though that number is expected to climb to 70% over the next three to five years.
Read more at: http://www.industryweek.com/supply-chain/predictive-analytics-let-manufacturers-see-more-clearly-their-supply-chains