Lessons From the Suez Canal Blockage – Supply Chain in the News

In the past few days, the news of the blockage of the Suez Canal by a massive container ship called the Ever Given has been dominating the news, so much so, that even kids are talking about it. The phrase ‘supply chain’ is now being mentioned more often than ever before in news media. Some outlets have estimated the cost...

Demand Versus Predict Variability – Avoiding a Paint by Numbers Disaster

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.

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’.

“Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning

In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. A projected inventory position across time (plan) is a natural co-product of most central or master planning models that match assets with the demand to create a projected supply line linked to demand. 

Pin It on Pinterest