The Future of Predictive Analytics Looks Certain
One recurring talking point at the Council of Supply Chain Management Professional’s (CSCMP) September 2012 conference in Atlanta was the importance of predictive analytics. This subset of statistics captures patterns within large volumes of information to predict supply chain behavior and events—in effect, forecasting future demand based on past demand. The emergence of cloud networking […]
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Handling Change: There’s an App for That
Eighty-nine percent of business leaders are either experiencing or anticipating external volatility or change to impact their business, according to a recent survey. And 91 percent expect internal change in products, channels, services, or markets to create planning challenges. Given that most business leaders must manage some sort of change within their demand-supply networks, why […]
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“Second Mouse” Opportunities for Logistics Firms
The saying, "The second mouse gets the cheese" represents an analogy for what is happening today in China’s "fast-learner" economy. The ability to quickly learn and copy products and technologies developed elsewhere has propelled numerous Chinese firms to global stature. These firms will soon become a force in the United States. Examples of China’s ability […]
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Can Your Global Supply Chain Withstand a Crisis?
Natural disasters, fluctuating oil prices, and other global factors continue to disrupt the flow of essential equipment and goods for manufacturers worldwide. For many companies, it has triggered a critical question: Can our organization’s supply chain withstand a major upheaval? It is an important question, because the flow of money through a supply channel determines […]
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