Bargain days have stretched far beyond the traditional Christmas holiday. Now we see sales cropping up for Black Friday, Cyber Monday, Independence Day, Valentine's Day, and even Christmas in July. So what exactly are the effects of this additional strain…
Just as the chords and scales remain the same across all types of music, the basic chords and scales of the supply chain never change either. You have to learn to play your instrument. According to Robert Allen, Principal, Operations…
There's certainly a whole lot more to Middle America than Auntie Em’s farm. An airport taxi driver said that there are lots of trucking companies and freight railroads in the area, which was obvious on the drive along I-44 toward…
Modern-day organizations understand the importance of transitioning from a traditional supply chain to a more powerful Digital Supply Chain or AI in supply chain. There's a great opportunity for companies to build a leading-edge Digital Supply Chain with the help…
Fact: According to a study by PwC and the Business Continuity Institute, 75% of companies experience at least one major supply chain disruption a year. Supply chain disruption interrupts the steady flow of products, which in turn can have a…
Supply chain planning includes your strategic business objectives, demand, supply, capacity, and of course, your constraints. There are a lot of moving parts to planning, especially when demand can shift more quickly than ever before. That’s why it’s critical to…
One of my favorite retailers is Warby Parker, an incredibly creative company that has taken the mundane and pricey business of prescription glasses to its value added end without sacrificing quality or style. It is a wonderful model that we…
I recently expounded the concept of Statistical Thinking whereby people, particularly, business people should develop and nurture a conceptual understanding of the role of variation and uncertainty in the numbers we deal with on a daily basis. It is not necessary…
The concept of Statistical Thinking has always appealed to me since I first heard it back in the late 1970s or early 1980s. The concept surfaced, in my mind, recently when I began teaching two sections of Elementary Statistics at…