The entire operations process can be analyzed using Big Data Analytics. The parameters such as lead time, availability, utilization, etc. can be analyzed. This will also help in overall Profitability Analysis. By setting algorithms throughout the entire operation process, the managers can estimate the profitability by doing a ‘what-if’ analysis.
In this simulation process, different profitability measures can be obtained for analysis by regulating various parameters such as raw material grades, volumes, etc. It also helps in cost tracking, raw material optimization, etc.