Digital Transformation is a popular term being used in today’s supply chain world. This can mean different things for your organization based on your company’s maturity. In this blog, you will learn the five key points to consider in a supply chain transformation journey.
Insight from Applied Statisticians for Forecasting: Is It Worth the Effort and the Mirage of Random Variation?
In this blog, we will illustrate through an example of these potential pitfalls (unanchored, random variation, and narrow metrics) and potential negative impact on a firm.
In this blog, we will focus on protecting your investment. The example involves demand variability versus prediction variability and its impact on inventory policy and operational efficiencies. It is loosely based on a real situation from the trenches.
When and how to invest in supply chain management technology is a critical question for all firms that is not a one-time question, but ongoing...
Invest in Supply Chain Management Technology: Survival and Ability to Respond to Emerging Challenges
When and how to invest in supply chain management technology is a critical question for all firms that is not a one-time question but ongoing. This blog will observe the real business value is “survival and responsiveness” and elaborate on the challenges with this evaluation.
The right technology can provide a solution to maintaining optimal supply chain planning, but how can you justify the investment?
Industry analysts, big-time consultants, and your peers are all talking about technology, digital transformation, and the future of the supply chain. It can seem like a lot of noise given the day-to-day pressure you feel while working to ensure that inventory is on hand and positioned where it is supposed to be. With all you have on your plate, are you aware of the signs that it is time for a change?
Learn the importance of advanced optimization for statistics (AOS) even for simple methods such as exponential smoothing and the importance of community intelligence.
In the simple version of supply chain management (SCM) the goal for demand forecasting in the tactical decision tier is prediction accuracy. In the wiser version, the purpose is expanded to include an understanding of your demand (demand profiling)...
The chatter about Artificial Intelligence’s (AI) and its recent companion, machine learning (ML) is ever-present. In a wide range of economic activities, AI/ML methods are now standard practice...