Supply Chain Optimization and Complex Trade-Offs: Expert Interview

Supply chain optimization and modeling isn't what it used to be. Optimization technology is getting more flexible, faster and more robust, enabling it to be used for an ever-increasing number of planning and decision-making challenges. In this expert interview with Aaron J. Berg, Vice President Professional Services at River Logic and long-time analytics planning and strategy consultant, we reveal how end-to-end optimization is the single best way to balance complex supply chain planning trade-offs. No other form of decision-making is able to show the unmatched value of supply chain optimization. Learn from real-world customer success stories and better understand if this approach is right for you.(Please note that the video has also been transcribed below.)

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Supply Chain Research Calls Out the Pressing Need for Prescriptive Analytics for Decision-Making

DALLAS, January 22, 2019 -- River Logic, a leading provider of prescriptive analytics solutions, today announces the release of a sponsored research perspective by Ventana Research’s Robert Kugel, Supply Chain Planning with Prescriptive Analytics: Technology Enables a More Effective Process.

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What is Integrated Business Planning and Why is It Crucial in 2019?

What is Integrated Business Planning (IBP)?

Integrated Business Planning (IBP) is an expanded form of Sales and Operations Planning (S&OP) that spans the end-to-end value chain of a business, and ties strategic, profitability-related objectives with short- and mid-term operational planning decisions through cross-functional scenario analysis — informing decisions around more profitable supplier collaboration, demand shaping, marketing,  product growth/development, and more. At its finest, IBP is fully aligned with growth and innovation metrics, having turned S&OP into a strategic business partner.

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2019 Crude Oil Trading: Why You Need Prescriptive Analytics

 

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The 10 Must-Read Supply Chain Blogs for 2019

Missing out on the most current trends or what the forward-thinkers are writing about in supply chain? Want to read more case studies on the sales and operations planning process?

The big picture is this: Worldwide, the supply chain industry is a big business. In fact, Harvard Business Review reports the U.S. supply chain employs 44 million people.

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Ventana Research: Sales and Operations Planning Process Scores a 'C'

Ventana Research has released its Sales and Operations planning (S&OP) Dynamic Insight research which gives companies an opportunity to self-assess their S&OP, or Integrated Business Planning process.

More than half of the companies participating gave themselves a “C” grade for this core business process, citing several key complaints:

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2018 Year in Review: The Evolution of Types of Analytics

Our year in review on the types of analytics and how they have evolved in the market brings to mind the classic song, Let’s Call the Whole Thing Off. It’s a good-natured battle about the pronunciation of the words Potato and Tomato. When it comes to classifying advanced analytics, our clients seem to think of predictive analytics as simply a different way of saying prescriptive analytics. But in reality, the two are much different when it comes to solving crucial business and supply chain problems.

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The Limitations of Predictive Analytics Tools and Why Execs Should Care

Most people are familiar with predictive analytics. In short, predictive is there to answer the question “what is the likelihood that x, y, or z will happen based on the data I have?”.  While this is a useful — and in many cases essential — question to answer, the main limitation of predictive analytics isn’t the analytics itself…It’s how a business responds when the “likelihood” of a good/bad event occurring reaches a certain threshold that requires action.

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Supply Chain Planning Trade-Offs: A Snack Food Industry Success Story

A River Logic customer was unable to meet demand for their most profitable product because they were working with constrained capacity. They had no visibility into their supply chain planning trade-offs, were wrangling 20+ spreadsheets to create plans, and missing out on major profit opportunities. Since adopting River Logic, hundreds of thousands in cost savings per week have been uncovered.

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Memo to the CEO: Your Employees May Be Keeping Profit-Improving Opportunities a Secret

Transformational technology is in a battle — and it has been for quite some time. New vendors are constantly popping up that offer innovative, advanced analytics solutions that, while less well known, are true value drivers. But companies can’t seem to break up with their long-term IT project implementations, hence the struggle.

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Supply Chain Brief