Deliver anticipatory logistics through demand forecast
Use CaseSupply Chain
Deliver anticipatory logistics through demand forecast
Anticipatory logistics are based on predictive algorithms running on big data. The practice allows logistics professionals to improve efficiency and quality by predicting demand before a consumer places an order. A cost-efficient and effective returns system is a key element in the value chain. Returns to scale are usually key to making this work economically.
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Revenue
Revenue - Customer experience
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Operational Support
Operational Support - Demand forecasting
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Operational
Operational - Customer wait times
£
Cost
Cost - Reduced inventory costs
Description
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Source: kaggle.com · Editor: original-sdg