Data is only an advantage if you understand three key things: how to collect it, how to react to it, and how to transform it into successful strategy. As former U.S. Secretary of State Colin Powell once noted, "Experts often possess more data than judgment."
Certainly, the same holds true for supply chain data. You can collect mountains of data but what are you comparing it to? And what payback are you receiving from the time and energy spent gathering, interpreting and analyzing this information?
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