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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Improving Forecasting for Customer Service Supply Chain Using Big Data Analytics

Improving Forecasting for Customer Service Supply Chain Using Big Data Analytics
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Author(s): Kedareshwaran Subramanian (T. A. Pai Management Institute, India), Kedar Pandurang Joshi (T. A. Pai Management Institute, India) and Sourabh Deshmukh (H. P. Inc., India)
Copyright: 2022
Pages: 18
Source title: Research Anthology on Big Data Analytics, Architectures, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3662-2.ch080

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Abstract

In this book chapter, the authors highlight the potential of big data analytics for improving the forecasting capabilities to support the after-sales customer service supply chain for a global manufacturing organization. The forecasting function in customer service drives the downstream resource planning processes to provide the best customer experience at optimal costs. For a mature, global organization, its existing systems and processes have evolved over time and become complex. These complexities result in informational silos that result in sub-optimal use of data thereby creating inaccurate forecasts that adversely affect the planning process in supporting the customer service function. For addressing this problem, the authors argue for the use of frameworks that are best suited for a big data ecosystem. Drawing from existing literature, the concept of data lakes and data value chain have been used as theoretical approaches to devise a road map to implement a better data architecture to improve the forecasting capabilities in the given organizational scenario.

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