Big Data Driven Supply Chain Management and Business Administration

Abstract

Big Data helps improve visibility throughout the supply chain, provides an integrated view of operational performance and customer interaction and gives businesses real-time insights that help make critical decisions. Big Data also has a potential to yield new management principles. This paper introduces the Big Data concept, its characteristics and some major issues of Big Data in supply chain management and business administration. These issues include supply chain and business data, Big Data benefits and its applications and opportunities. Methods and technology progress about Big Data are presented in this study. General challenges of Big Data and Big Data challenges in supply chain management and business administration are also discussed.

The Implications of Big Data Analytics on Business Intelligence: A Qualitative Study in China

“…Fifth, it yields new business models, principals, products and services (McKinsey, 2011). As Ahmad and Quadri (2015), Wang and Alexander (2015) claim, one of the most important applications of big data analytics is knowledge creation, new management principles cultivation and the economy based on this.…”

“…Big data analytics can assist companies to better exploit big data for improving customer satisfaction, managing supply chain risk, generating competitive intelligence, providing business real-time insights to help make important decisions and optimizing pricing if appropriately utilized (Davenport, 2014; Erevelles, Fukawa & Swayne, 2015; Narayanan, 2014; Wang & Alexander, 2015). According to an investigation, a retailer that can use big data properly has the potential ability to increase 60% of operating margins by obtaining market share over its rivals and exploiting the detailed consumer data (Tankard, 2012).…”

Investment Decision-Making and Coordination of Supply Chain: A New Research in the Big Data Era

“…Wang and Alexander [11] introduced Big Data advantages and its applications in the supply chain and business management, such as improving the visibility of the supply chain, providing an integrated perspective on operating performance and customer behavior, and giving enterprises a real-time view to help them make decision.…”

“…1 Store [7,8]. Therefore, the ideology of the data-driven supply chain was proposed [9][10][11]. The data-driven supply chain cannot lack "data;" therefore, a Data Company that acts as a "power" will play a particularly important role in the data-driven supply chain compared with the traditional supply chain.…”

How to Generate Economic and Sustainability Reports from Big Data? Qualifications of Process Industry

“…Weill and Woerner [5] and Loebbecke and Picot [6], as qualitative researches, argue that utilizing the advantages of Big Data could improve production processes and efficiency, and lower production costs. Big Data and integrated applications could provide advantages to supply chain and business management, such as improved clarity of the value chain, accurate data on operating performance, and support to decision making through a real-time perspective [7]. Glock and Taebok [8] argue that considering carbon emissions when coordinating a supply chain may lead to changes in freight routing.…”