Prescriptive Analytics

Prescriptive analytics in supply chain management is a type of analysis that recommends specific actions to optimize processes and improve outcomes. It uses data, algorithms, and models to evaluate different scenarios, helping businesses decide the best course of action for inventory management, demand forecasting, and logistics. By analyzing various factors like costs, demand patterns, and supplier performance, prescriptive analytics guides companies on how to reduce costs, enhance efficiency, and respond effectively to changes in the market, ultimately leading to better decision-making and more streamlined operations.