SupplyChain Magazine April 2016 | Page 22

Establish a business and technical owner for all big data initiatives
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Failing to optimise big data can leave money on the table and weaken a company ’ s profit and trend forecasts . In turn , executives are now trying to find the best way to collect , analyse and execute on their big data analytics . Here are ten tips for optimising big data for enterprises to remain competitive in the supply chain

Establish a business and technical owner for all big data initiatives

In today ’ s fast-paced corporate culture with bottom lines stricter than ever before , CFOs cannot afford to pay close enough attention to the minutae of a business ’ P2P processes . Running a global supply chain operation requires intricate planning , sourcing , delivery , measurement and a well-informed viewpoint . This highly involved set of responsibilities should be overseen by a designated executive to make sure the proper business value is being delivered in the most technically sound and efficient manner possible .

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22 A pril 2016