Predictive analytics for application in supply chain

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The benefit of using predictive analytics for the application In supply chain and logistics there's endless positive reasons for predictive analytics, one of them would be predicting which Ocean ports would have heavy congestion or the Panama Canal, or for a financial perspective when would we expect high value shipments. Limitations of predictive analytics for the application Obviousaly different types of variables could happen, could predictive analytics predict the COVID 19 pandemic or a surprise hurricane that could affect a supply chain? Unfortunately not.

Reference no: EM133642177

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