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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How Prescriptive Analytics Shapes Supply Chain Social Responsibility

Growing up in a small oilfield town, we didn’t have a McDonald’s; we had Joy’s Grill. Joy, the owner, and his wife, Wanda, ran a straightforward automated operation in their diner with one row of booths and a counter open to the grill. She took the orders and yelled out “mash one,” which queued Joy to throw another patty on the grill. He finished the order, Wanda served, and whoever had a free hand, rang up the checks at the register.

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Skip the Supply Chain Control Tower: Move to Visual Advanced Analytics Instead

In the movement to digitize the enterprise and connect all things IoT and more, a former supply chain buzzword has re-emerged with more momentum than ever… and confusion! The supply chain term “control tower” is used many ways, causing some vendors to meld its point solutions into a new layer of technology and tout a beacon of insights across the supply chain with promises to include:

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Working Capital Management: Two Challenges and How to Address Them

Working Capital seems easy enough to understand. Divide a company’s current assets by its current liabilities and you get a ratio that helps you determine how easily a company could cover its short term debt. This is generally referred to as how liquid a company is. However, this doesn’t always paint a clear picture.

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Supply Chain Brief