Big Data Analytics are Better than Intuition

Enterra Insights

According to Daniel Kahneman, winner of the 2002 Nobel Prize in Economics, “Intuition works less often than we think.”[1] ”[1] He … Continued. The post Big Data Analytics are Better than Intuition appeared first on Enterra Solutions.

Fisher’s Supply Chain–Product Match/Mismatch Framework

SCM Research

Extensions of the framework exist, for example by Lee (2002) , who adds a “supply” dimension, and more recently Gligor (2017) , who argues that “benefits generated by perfect supply chain fit might be offset by the resources deployed to achieve that fit” Research presented by Perez-Franco et al. I have used Fisher’s (1997) supply chain–product match/mismatch framework ( What Is the Right Supply Chain for Your Product? ) in my teaching for years!

Trending Sources

Omni-Channel’s Ripple Effect on Transportation

Logistics Viewpoints

Indeed, by 2002, Best Buy was saying more than half of its customers were checking its website before coming to the store. When Transportation Optimization and New Shopping Behaviors Collide One needs to go back to the early 2000s to see green shoots of modern omni-channel retail. While web-based e-commerce began in the late 90s, consumer and retailer appetites didn’t get whetted for omni-channel experiences until the early part of the last decade.

Five Things You Need to Know About Machine Learning for Supply Chain Planning

ToolsGroup

First a confession: I borrowed this blog’s title directly from Gartner Analyst Noha Tohamy and her recent research note Five Things Supply Chain Strategists Need to Know About Machine Learning. I couldn’t do better myself.

Building the Network of Networks. Call for Action. Want to Help?

Supply Chain Insights

When I joined the Advisory Services Group in Supply Chain at the Gartner Group in 2002, the concept of trading exchanges was exploding. Computing memory was a barrier in 2002. In the 1980s commercial internet providers evolved. In 2001 Steve Jobs put 1000 songs in our pocket.

3 ways supplier diversity in supply chain can positively impact your business

Quintiq

Between 1997 and 2002, approximately 50% of growth by all American firms came from minority businesses alone. More than just charity. We often hear of companies participating in supplier diversity programs, and the standard reasons for their participation.

Beroe Founder Vel Dhinagaravel speaks at NC State on Origins of Company

NC State SCRC

I learned that to manage logistics you have to manage relationships with people in the supply chain, and I also learned that there is an informal network of relationships that had to be managed in the supply chain… this was in 2002. This week, my former student Vel Dhinagaravel, and founder/CEO of supply market intelligence company Beroe , came to my class to speak.

India 22

Thought Leadership Commentary Related to the U.S. West Coast Port Disruption

Supply Chain Matters

Sheffi observes how memories of the past 2002 west coast port disruption were short-lived, and apparently not carried forward by industry supply chain […]. There is obviously a lot of commentary coming forward regarding the recent U.S. west coast labor contract negotiations and the consequent impact to multi-industry supply chains of dysfunctional ports. Supply Chain Matters has provided its own viewpoints, but we believe it is important to share other viewpoints as well.

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. I am writing this blog post in the air, sitting in seat 4c, somewhere over the Midwest en route to Philadelphia.

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Initially, this led to operating losses and write-offs and was turned around in 2002. Slowly, more and more companies are waking up to the cold, and hard facts. Financial balance sheet improvements cannot be driven by traditional supply chain processes.

The ‘Why’ in S&OP: or How to Find More Meaning

Supply Chain Trend

Martin Seligman, pioneer of the positive psychology movement, writes in his 2002 book ‘Authentic happiness’, that there are three levels of happiness. There is a lot of evidence that S&OP is hard to implement and get right.

A Lockout Looms for the ILWU: Why it Might Happen, and What it Means for the Nation

Transportfolio

This is similar to what happened in 2002. At that time, the ILWU had been working without a contract since September 1, 2002. On September 29, 2002, the PMA accused the ILWU of engaging in a slowdown during contract negotiation and locked them out.

[Infographic] 21st Third Party Logistics Study Shows Increased Use of 3PLs & Shippers

Cerasis

In 2002, the third party logistics study first began surveying respondents on satisfaction with the level of information technology (IT) services available through 3PLs.

IT gap in logistics

Supply Chain Movement

In 2002, only 27 percent of shippers (clients who outsource their logistics activities) were satisfied with their logistics suppliers’ IT expertise, even though IT was an essential element of 89 percent of those logistics activities.

Can You Trust the Information Your Supply Chain System Tells You?

NC State SCRC

For example, a Russian passenger jet and cargo plane in 2002 crashed in a mid-air collision. Can people really trust information produced from a system under high stress, high risk, supply chain disruption situations? This problem was indirectly explored by a group of researchers from NC State University’s Laboratory for Analytic Science.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

The prosecution was brought by [the UK’s Civil Aviation Authority] under the air navigation (dangerous goods) regulations 2002. Last September, a jury at Southwark crown court in south London found Amazon guilty of shipping dangerous goods by air.

Cargo 35

Three Reasons Why SAP Supply Chain Planning Is a Risk to Your Business

Supply Chain Shaman

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. I am writing this blog post in the air, sitting in seat 4c, somewhere over the Midwest en route to Philadelphia.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

The last shutdown occurred in the fall of 2002, as retailers were preparing for the Christmas holiday period. If you haven’t been preparing for this risk, ideally since the end of the last shutdown in 2002, there’s very little you can do now at the 11th hour.

Looking at the sustainable supply chains behind some classic Valentine’s Day favorites

The 21st Century Supply Chain

In 2002, the UN adopted the Kimberley Process — a joint governments, industry and civil society to stem the flow of conflict diamonds (rough diamonds used by rebel movements to finance wars against legitimate governments). by Teresa Chiykowski Chocolates, wine, flowers, jewelry?

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

” I have been studying the evolution of inventory technologies as an industry analyst since 2002. When it comes to the management of inventory in value chains, frustration abounds.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

Founded in 2002 under the name of Agilisys, Infor rebranded in 2004. As an analyst, when technology providers acquire and divest companies, I get invited to pre-announcement conferences. In these sessions, the technology providers share their rational for the investment and invite questions.

Clouds: A Beautiful Thing for Sure!

Supply Chain Shaman

In 2002, there was no interest. As a result, Steelwedge looks very different today than when I first met them in 2002. I have been an analyst for over a decade.

Finally – A breakthrough alternative to spreadsheets for managing your Supply Chain

AIMMS

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. For most enterprise companies, ERP has become a foundational infrastructure technology and a cost of doing business.

Are You Active in the Digital Transformation Drinking Game?

Supply Chain Shaman

SAP APO became the market share leader for supply chain decision support in 2002. Today I attended the SAP Insider Conference. The theme? Digital transformation.

Is Offshoring Leading to Increased Numbers of Product Recalls?

NC State SCRC

billion, and involved more than 6 million cars worldwide produced since 2002 [2]. Over the last two decades, increased competition and a globalized economy has led firms to deploy outsourced manufacturing and captive offshore policies across multiple industries. Enterprises have sought to achieve reduced production costs and labor arbitrage in the quest for cost competitiveness.

7 Supply Chain Cost Saving Ideas from SpaceX

Supply Chain Opz

In June 2002, Space Exploration Technologies Corporation or SpaceX was established with the goal to make the space launch service way cheaper. During the period of slow economic growth, many manufacturers have to deal with the cost pressure.

Steel Tariff Proposition: Will It Work?

Elementum

This viewpoint is based on choices made by previous administrations: in 2002, for example, former U.S. After unsuccessful dialogue with China in April, the U.S.

Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

Cerasis

These recall counts point to sizeable growth over the past decade in the recall notices of Chinese-made consumer goods from 58 in 2002 to 153 in 2014. Take a moment to think about offshoring.

How Supply Chain Strategy Misalignment is Killing Kmart USA

Logistics Bureau

The two companies switched positions in 1991, an event which heralded the start of a decade-long decline for Kmart, which ended in bankruptcy in 2002 and led to a subsequent merger with Sears in 2004.

Ready For the Next Port Crisis?

Talking Logistics

Those same words were said when the ports were shut down for 10 days in 2002 , and again in December 2012 when 600 clerks went on strike , shutting down the ports of Los Angeles and Long Beach for 8 days. The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) reached a tentative new 5-year agreement late on Friday, so the West Coast ports resumed full operations this past weekend. But there’s little time to celebrate.

Supply Chain Redesign: A Conversation with Lennox International’s Keith Nash

Talking Logistics

Adam joined Manhattan in 2002 after the acquisition of Logistics.com where he supported their SaaS Transportation solution. Last month on Talking Logistics , Adrian Gonzalez, Keith Nash (VP Supply Chain Logistics at Lennox International ) and I discussed “Lennox International’s Complete Supply Chain Redesign.” If you missed the live episode, you can watch it now on demand. Here are some of the questions that we discussed, along with a summary of Keith’s responses.

Two Million Vacant Manufacturing Jobs by 2025…How Can We Tackle the Skills Gap?

Cerasis

Insufficient on-the-job training — Over the period from 2002 to 2013, investments in internal training programs such as apprenticeships, company classroom training, and other structured on-the-job skills development for current manufacturing employees were cut from 469,000 to 288,000 (nearly 40 percent).

The Amazonification of Logistics

Techgistics

Amazon has had such a major impact on eCommerce, that I thought it would make sense to look back on some of their innovations that are directly or indirectly impacting logistics: Super Saver Shipping Super Saver Shipping was introduced in 2002 offering free shipping for orders over $25.

Throwback Thursday

Supply Chain Shaman

I dusted off a 2002 presentation from P&G to share with the audience. This week, as the east coast of the United States was deluged with rain, I basked in beautiful San Diego sun while attending the Logimed USA event.

[INFOGRAPHIC] Public Perception of & A Brief Timeline of Moments from the American Manufacturing Industry

Cerasis

2002: U.S. Manufacturing Enterprise Integration Act of 2002. Manufacturing Enterprise Integration Act of 2002 was enacted to develop the foundations for a Smart Manufacturing infrastructure and approach. .

Canadian Ports: A Fast Lane for Asia-U.S. Imports?

Talking Logistics

There was the infamous 11-day shutdown in 2002 , and just two years ago, 800 clerical workers at the ports of Los Angeles and Long Beach went on strike , shutting down the ports for eight days and costing the region’s economy about $8 billion. While the delays at the U.S.

Professor Yossi Sheffi on Resilience, Visibility, and Biggest Risks this Holiday Season

Elementum

Professor Yossi Sheffi was on a sabbatical in the UK in 2002, when the world was still reeling from the 9/11 attacks. Welcome to the second installment of Supply Chain Spotlight, Elementum’s interview series. We speak with the most influential people in today’s global supply chain.

S&OP, a vision for the future. The expert interview series #4

Supply Chain Trend

Although its inception was 30 years ago, the first academic paper on S&OP was written only in 2002. Introduction. In the last 30 years S&OP improved performance in many businesses.

Laboratory Experiments in Supply Chain Research

SCM Research

Smith was awarded the 2002 Nobel Memorial Prize in Economic Sciences “for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms” In its recent issue, the Journal of Business Logistics had the great privilege to publish an article by Cary Deck and him, in which these ideas were applied to our field: Using Laboratory Experiments in Logistics and Supply Chain Research.

Delivering Shoes to Children in Need Using Enhanced Inventory Visibility

Logistics Viewpoints

The organization was founded in 2002 in response to the growing need for basic supplies in impoverished nations. Shortly before the holiday break, I had the privilege of speaking with Manny Ohonme, Founder and President of Samaritan’s Feet. Samaritan’s Feet is a non-profit organization that, in their words, “shares a message of hope and love through washing the feet of impoverished children around the world and adorning them with new shoes.”