One of my predictions for 2018 is that Supply Chain Visibility Will Get Clearer, More Real-time, and More Predictive with Machine Learning and Enhanced Data this year. A big part of this trend is the continued evolution of Supply Chain Control Towers. Where is this technology today compared to the past? What factors are driving […]
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Supply chain management software offers a lot of optimization opportunities, but most of those cost savings are realized through micro-optimization. What is the difference between micro-optimization and macro-optimization? What are the limitations or drawbacks to micro-optimization? Is macro-optimization the right approach in every case or does micro-optimization still have a role What’s required to enable […]
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“Not everything that counts can be counted, and not everything that can be counted counts.” Quintiq’s CEO Rob van Egmond referenced that quote by sociologist William Bruce Cameron in his keynote presentation at Quintiq’s World Tour 2016 event in London a few weeks ago to drive home an important point: the reason most companies are […]
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Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “Modern Technology for Transportation Optimization,” which is available for purchase on Amazon.com. The word “optimization” is ubiquitous in the supply chain and logistics industry. “You have to optimize your [transportation, inventory, manufacturing, or other […]
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Organizations continue to look for areas of opportunity and inspiration on the quest to improve the operational efficiency of their supply chain. While technology capabilities are plentiful, for many, it’s not immediately obvious where one should start. What I have attempted to do here is provide a staged view on how I would categorize significant […]
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Adopt the “Optimization Lifestyle”: Overcoming Inefficient Decision Making
One of the biggest decisions a business can make is deciding how it will make its decisions. Best-selling author Michael Lewis made this insightful observation about the flawed human psyche in one of his recent novels, The Undoing Project: “Man is a deterministic device thrown into a probabilistic universe. In this match, surprises are expected.” […]
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