Question: Warehouse activity profiling involves an extensive data mining process that often uses historical data on sales, customer orders, safety issues, throughput, etc. In your opinion,
Warehouse activity profiling involves an extensive data mining process that often uses historical data on sales, customer orders, safety issues, throughput, etc. In your opinion, how good a predictor of future events is historical data? Should warehouse management rely on data that might not be a true reflection of future events? What alternative data sources could be incorporated into a warehouse activity profiling process? How did the pandemic impact this way of thinking?
Step by Step Solution
There are 3 Steps involved in it
Historical data can be a good predictor of future events to some extent as patterns and trends from ... View full answer
Get step-by-step solutions from verified subject matter experts
