Six Transformational Values Realized from Prescriptive Analytics

Courtesy of our partners over at TBM Consulting!

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Shake, Rattle, and Roll: Time for Another Look at Capacity Planning?

Global Growth. NAFTA negotiations. Trade wars. Trucking crisis. Fuel price increases. As events continue to shake and rattle the growing economy, is now the best time to take another look at your company’s capacity planning?

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Growth in Petrochemicals: Is the Only Way Up?

How to manage profits with growth opportunities

 “Global economic growth is lifting more people into the middle class in developing countries, and higher incomes mean sharply rising demand for consumer goods and services.”

This statement from a recent International Energy Agency (IEA) report is good news for the petrochemicals market, forecasting 25% growth for this oil and gas sector. However, does growth mean increased profits? If capacity, product mix, inventory costs, and numerous other factors are not aligned, the answer is…not necessarily.

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2018 Gartner Supply Chain Top 25

Gartner's release of its 14th annual Supply Chain Top 25 provides an inside view of the elite corporations and their advanced practices that make them the best in the world.

In the Supply Chain Top 25 ranking, Unilever retains its number one spot with a composite score based on six categories, like Gartner and peer opinions, inventory turns, revenue growth, and more.

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Use Prescriptive Analytics to Make Decisions that Will Help Your Company Make More Money

Efficiency Gains and Cost Savings Don’t Always Drop to the Bottom Line. Prescriptive Analytics Can Explain Why and What to Do About It.

How prescriptive analytics can help manufacturers set priorities and realize greater financial gains from capital investments and improvement efforts.

During employee team meetings, the CEO of one of our clients would always make a point of reviewing how the company made money. “We take a bunch of random raw materials,” he would say, “and convert them into something we can sell for more than what it costs to make. What’s left over is called profit. We’re in business to make more of that stuff called profit.”

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Transform the Finance Function with Prescriptive Analytics

"Big data” (a buzz word) is a term that more and more businesses know. It's essentially a term that signifies large and complex amount of data sets — structured and unstructured — that are notoriously hard to process and analyze with traditional applications. What's important isn’t the quantity but what organizations DO with “big data”. A major problem with big data (or data in general) is that companies are not focused on analyzing data for insights; they simply don't know where to start or what to do with it!

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Use of Mixed Integer Optimization in Greenfield Plant design

One of the riskiest and most difficult decisions in business is whether or not to build a new plant and, if so, what configuration that plant should take. Bad decisions prior to construction can haunt you and your stakeholders for decades. What if space for work-in-process inventory is too small? What if your equipment selection is not properly balanced? How will the plant perform under different economic environments?

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Using Prescriptive Analytics to Decrease Supply Chain Disruptions

An article by Nari Viswanathan, Vice President of Product Management for River Logic, was recently featured on Supply Chain Management Review. In this article, Nari discusses the fact that Supply Chain in particular has been slow to adopt advanced analytics capabilities, mainly due to their apprehensiveness around replacing existing systems. However, Nari makes the argument that, given recent advancements in technology, data and more, it's now easier than ever for Supply Chain leaders to embrace the change that their companies are so greatly need.  Below is a blurb from Nari's article. The full article can be accessed on Supply Chain Management Review.

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Barrel Up: Oilfield Digitization Comes of Age

A company making a widget that sells for $50 but in a matter of months gains demand, allowing the price to be bumped up to $70, would sound like a great thing. Right?

If only it were that simple in the Energy industry. The barrel price of Brent crude — the thermometer of industry health — has made a comeback that has many stakeholders more skeptical than elated. Why? Unlike other industries, Energy turns on an axis of its own as we covered earlier. However, what makes this time different is that the uptick, for most U.S. firms, comes from a position of offense as a leading exporter rather than playing defense because of foreign oil actions. The equation has changed. 

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River Logic Customers and Partners Gain Huge Architectural Benefits from Service Fabric

River Logic’s strength is in prescriptive analytics-based optimization. The company has over 1,100 person-years of experience in building 100’s of models that solve complex business problems across dozens of industries. Two years ago River Logic made the decision to move to Microsoft Azure, which significantly helped the company maintain a modern architecture that is quickly scalable. As our readers know, Power BI is embedded within the River Logic’s solution, enabling world-class visualization of prescriptive analytics data.

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Supply Chain Brief