Question 1:
The reading this week explores various uses of big data analytics in supply chain management, such as:
Sustainability
Demand planning
Supply chain network design
Procurement management
Product development and design
Logistics
The speed in which decisions must be made in today’s technology-driven world is immense, and businesses are under extreme pressure to find better ways to compete. Tools such as AI, ML, predictive analytics, and prescriptive analytics can help businesses make faster decisions, impacting business operations.
Select an organization operating in supply chain (10 best supply chain companies of 2021) or shipping operations (UPS, FedEx, etc.). Research how they currently use AI, ML, predictive and/or prescriptive analytics. Share your findings and include your resources. How do these tools help the organization manage supply chain resources and product deliveries?
Question 2:
Using information given in the video, think of a business that may use data to apply predictive analytics to make business operations decisions. Discuss what types of data would need to be collected, how that information would be gathered, and how the relationships between those data would be identified and used. Think of and share how these same concepts may be applied in your current or a past job role.
Question 3:
The reading and videos for this week bring to light some of the ethical and business-related issues in collecting and using data gathered about customer behaviors and using it to target advertising. These data often include things such as location tracking, travel patterns, purchase histories, browsing histories, etc. What are your views regarding the collection of these data about you personally? Do you feel this is a justified and valid business practice? Or do you feel it is an invasion of privacy? These data are gathered through devices such as mobile phones, watches, and other Internet of Things (IoT) technologies. Do you take any actions on your personal devices to manage or limit tracking or protect your privacy by preventing such data gathering?
Each question 250-300 words.
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