AI/ML, SCM, The Holy Grail, and Helpful Information from Foresight

In this blog, we point the reader to a recent article “Humachine”, which identifies the general challenge of implementing decision technology to improve SCM decision making resulting in improved organizational performance and the importance of experience in the trenches.

Time Series Forecasting Basics

In this blog we briefly cover some key insights for successful time series forecasting: (a) Profiling the Shape of the Curve is the first stage, and the first step is assessing if the time series is stationary. (b) The forecast method identified must capture the shape and be able to project the shape across time. (c) There are limits in historical and no amount of “fancy math” can overcome them.

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...

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