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The number of possible applications tends to grow due to the rise of IoT , Big Data analytics , streaming media, smart manufacturing, predictive maintenance , and other data-intensive technologies. We say ‘xerox’ speaking of any photocopy, whether or not it was created by a machine from the Xerox corporation. Practically, nothing.
Neither of them is bad. But, it depends on various factors which will determine whether to build custom software or buy pre-built software (off-the-shelf software) from the market. Custom software allows a lot of flexibility when it comes to integration with existing systems but, is costly as compared to off-the-shelf software.
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These challenges can be addressed by intelligent management supported by data analytics and business intelligence (BI) that allow for getting insights from available data and making data-informed decisions to support company development. Managing a supply chain involves organizing and controlling numerous processes.
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