Predictive Supply Chain analytics use advanced technology tools such as machine learning, marketing, and data to help industries identify demand, market trends, establish pricing strategies, optimize and reduce inventory costs.
Predictive analytics helps determine the optimal shipping frequency and quantities, improves demand forecasting, determines the optimal inventory levels, and identifies when maintenance is needed.
Source: (Central America Data, 2021).
https://www.centralamericadata.com/en/article/home/How_Does_Predictive_Analytics_Help_Supply_Chains
