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Research Paper | Computer Science & Engineering | India | Volume 13 Issue 9, September 2024 | Popularity: 5.7 / 10
Big Data and Impact in DDMRP
Ponnarasan Krishnan
Abstract: The integration of Big Data into Demand - Driven Material Requirements Planning (DDMRP) has emerged as a transformative force in supply chain management. This research explores the profound impact of Big Data in the context of DDMRP. Big Data, sourced from a variety of channels including online transactions, sensor data, social interactions, and more, has the potential to revolutionize demand forecasting, inventory management, and overall supply chain optimization. By enabling real - time data analysis and predictive modelling, organizations can make informed, agile decisions that drive cost reduction, inventory optimization, and improved customer service. However, the adoption of Big Data in DDMRP is not without challenges, including data security and the need for advanced analytics capabilities. This research delves into the application, benefits, challenges and impact of Big Data implementation in DDMRP. The study provides valuable insights for organizations seeking to harness its potential. The findings of this study underscore the significance of Big Data in reshaping supply chain strategies and enhancing the responsiveness of modern businesses in a dynamic market environment.
Keywords: Big Data, Transformative force, Supply chain management, predictive modelling, inventory optimization
Edition: Volume 13 Issue 9, September 2024
Pages: 955 - 961
DOI: https://www.doi.org/10.21275/SR24914015946
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