Arkieva Supply Chain Link Blog.
Creating the link between better supply chain planning and decisions.
RECENT POSTS
SCM Technology Investment – INFORMS Provides Critical Information for Success
Before the current set of analytics and SCM experts, it was the OR/MS profession that drove the development and successful application of analytic and data methods to improve supply chain performance. INFORMS continues to lead in the ongoing challenge of more intelligent and responsive supply chains. In this blog, we will point out some keynote addresses from the current meeting of relevance to successful SCM technology investments.
Investing in SCM Technology: 6 Hints for Success – From a Long Time Ago in a Galaxy Far, Far Away
“Chaos, complexity, and uncertainty” often victimize an organization’s supply chain outstripping the ability of spreadsheet-based tools to respond intelligently. Sounds like 2020? In fact, this comes from one of the original Jedi Knights Dr. Harlan Crowder in a 1997 paper titled “Helpful Hints for OR/MS Consultants”. The purpose of this blog is to revisit this paper since the hints for success are as relevant now as they were then.
Investing in SCM Technology: Vision and Trenches – Lessons for a Successful Journey
The purpose of a vision in this journey is to create a focus on the implementation of decision technology as tools to overcome inherent organizational cognitive limitations of bounded rationality and uncertainty bias to improve SCM. This blog provides some critical lessons to protect a firm’s investment in technology.
5 Things to Consider When Starting Your Supply Chain Digital Transformation Journey
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.
MAD versus Standard Deviation for a Uniform Distribution
What's the difference between mean absolute deviation and standard deviation for a uniform distribution for product data? Follow these formulas to find out.
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.
Lessons for COVID-19 and Supply Chain Management – Six Months Later
Over the past six months, significant progress has been made in understanding COVID-19 and reducing its health and economic impact. In this blog, we will not rehash this information, but to identify open issues in handling the current challenge of tackling COVID-19 and relate this to the challenge of managing supply chains.
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...
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