Invest in Supply Chain Management Technology: Efficiency Assessment
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.
Can You Make the Case For Supply Chain Technology Investment?
The right technology can provide a solution to maintaining optimal supply chain planning, but how can you justify the investment?
Machine Learning: Optimization and Community Intelligence – A Wiser Forecasting
Learn the importance of advanced optimization for statistics (AOS) even for simple methods such as exponential smoothing and the importance of community intelligence.
Machine Learning and AI: Profiling Demand History – A Wiser Forecasting
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)...
Executive Perceptions of Machine Learning and Data Anomalies
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...
Lessons From the Operating Curve for the Dual Government COVID-19 Objectives: Reopen the Economy and Eliminate COVID-19
There is plenty of material being written and posted on the challenges, estimating the growth in COVID19 incidences, and thoughts about the economy. The purpose of this is to pull from experiences in the trenches in shifting OPCURVE to provide some guidance on actions to take to help the nation achieve both critical goals.
Basics of the Value of S Curves and Market Adoption of a New Product
The S-curve is an indispensable tool for demand planning for new products or technology. Learn the steps to create the right model for your market growth.
Taking the Mystery Out of the Rapid Growth of COVID-19 and the Purpose of Social Distancing – Some Basics for Octogenarians
The spread of the COVID19 virus is a major concern of everyone. Typically, two critical questions are being asked: why it seemed to grow so quickly over the last few weeks and what is the impact of social distancing. This blog provides a kitchen table explanation of “rapid growth” and how social distancing might dampen growth.
Conditional Probability Made Easy – Heart of Machine Learning
Probabilities are persuasive in supply chains and analytic methods – especially in machine learning where conditional probability is a dominant underlying structure that makes or breaks the success of an application. In this blog, we will learn how to take the mystery out of the term ‘conditional probability’.