What is Constraint-based Modeling?

Every company operates within a large set of constraints, including annual budgets, material purchase contracts, resource capacity, hospital ward space, environmental regulations, customer order contracts, financial reporting regulations and others. While these financial, physical and policy constraints can impact an entire organization, most planning processes are still done by department, business unit, geography or some other hierarchy. The need for true Integrated Business Planning (IBP) has never been greater.

Read More

Beyond Bottlenecks: Theory of Constraints & Enterprise Optimization

One of my least favorite classes while working toward my MBA at the University of Texas was Operations Management. Sure, it was better than financial accounting, but whenever I looked at the material, I thought, “I’ll never run a manufacturing plant. Why should I care?”

Read More

The math story of my life

“If I had only known back in school what I know today!”

Read More

How to Spot an Opportunity for Optimization (Prescriptive Analytics)

opportunity for optimizationPrescriptive analytics, also known as optimization, is a very powerful approach that can deliver significant value strategic, tactical and operational use cases in every industry. Unfortunately, until now it has also been very hard to develop optimization models and firms have required the use of PhDs and significant education for management.

Read More

Now Six Thousand Models – and Counting!

An update to a blog I wrote back in 2011 titled “Two Thousand Models – And Counting!”

Read More

Data complexities prove Excel spreadsheets difficult to maintain

Research shows a majority of spreadsheets have data or formula errors. All kinds of spreadsheets are prone to errors, including family budgets, business models, and macroeconomic models upon which the fate of fiscal policies of major economies are decided.

Read More

Opportunities for Enterprise Consultants Embracing Advanced Analytics

Enterprise consultants are uniquely positioned to maximize the benefits derived from advanced analytics, provided they act swiftly. The nature of new, complex, advanced analytics requirements places consulting firms at an advantage over traditional software companies. Consulting firms, understanding their advantaged position, are rapidly adopting predictive and prescriptive analytics, due to the following:

Read More

Turn Business Intelligence into Business Wisdom

business intelligenceBy embedding next-generation analytics into your planning and decision support solutions, you can take your business intelligence to the next level. The best part? We've got the perfect tool to help you do this.

Read More

River Logic, Inc. cited as Innovative Business Analytics Company Under $100M to Watch

International Data Corporation (IDC) recently released the report titled “Innovative Business Analytics Companies Under $100M to Watch.” The report features vendors that are innovating around three key trends in the business analytics market. These trends are: Collaborative Decision Management, Cloud-based Analytics, and Mobile Analytics.

Read More

Aggregation Aggravation

Our partners and customers are building forward looking planning applications. They are usually building these systems on top of existing transactional data systems and data warehouses. The problem is they are trying to build forward looking planning systems with every piece of data they have. This is a computational nightmare.

Read More
Supply Chain Brief