Framework in Supply Chain using Inventory Management, Big Data and Inventory Analytics

Data deluge or Big Data has created a massive demand for big data analytics in Industry 4.0. This paper aims to understand the supply chain’s big data analytics (BDA) and the need for inventory analytics. The findings of this paper are optimizing inventory management with the help of inventory analytics and the applications and challenges of BDA in supply chain. The research is essential considering new applications and challenges which have evolved in recent years and technological advancements which have created more unique opportunities across industries.