Exploring the Impact of Business Intelligence on Real-Time Supply Chain Decision-Making

Abstract

Modern supply chains are a dynamic system that requires fast and well-informed decision-making. Business Intelligence systems have become the necessary supporting tools in enabling the desired real-time decision-making processes using data analytics. This article will learn about the positive effect of BI tools on real-time supply chain decision-making, especially on the opportunity to manage supply situations, realize reduced inventory costs, and have environmental savings. Turning research findings by these technologies the conclusion is that they bring decision-making efficiencies to the companies and additionally to that, they also promote the cooperation with all stakeholders in the supply chain, hence, create the agility and the responsiveness that is required in the unstable markets of today.