Data analytics helps supply collaborate and reduce risk Brown cites big data analytics as another important tool for uncovering inefficiencies and finding hidden opportunities .

“ Data insights help procurement commodity managers and supply chain managers plan resources , drive collaboration and reduce risks ,” he points out . “ On the logistics side , moving materials and goods around happens more efficiently , when tapping into weather data , traffic density and

GPS-enabled telematics for route planning and inventory manipulation .

He adds : “ Data and other geospatial analytics , combined with demand forecasts , taps into the power of the sharing economy ’ s ability to crowd-source pickup and delivery .

“ Ultimately , embracing the principles of a circular economy should not be viewed as a choice between being a good steward of the environment and a good business practitioner . It ’ s both .” supplychaindigital . com 21