BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It refers to the use of big data analytics to enhance supply chain processes. In simple terms, it means analyzing the data collected in the SCM process through various tools, and drawing real-time insights from such data to improve logistics and the SCM environment.

Detailed explanation-2: -Predictive analytics helps supply chain managers understand what future demands are likely to be, while prescriptive analytics analyzes the likely impact on inventory levels based on specific demand-planning decisions.

Detailed explanation-3: -Supply chain predictive analytics use historical data and statistical models to forecast future supply chain performance, demand, and potential disruptions. This helps businesses proactively identify and address risks, optimize resources and processes, and improve decision-making.

Detailed explanation-4: -With BDA, manufacturers can discover new information and identify patterns that enable them to improve processes, increase supply chain efficiency, and identify variables that affect production.