28
Oct 24
Product Lifecycle Reality
Product Lifecycle Management sounds impressive in presentations. The concept usually appears as a clean curve.
21
Oct 24
Product Mix Planning Reality
Supply chain planning often begins with demand forecasting. Teams try to estimate how much of each product customers might buy in the coming months.
14
Oct 24
Inventory Mathematics Reality
Inventory management is one of the most heavily studied topics in operations research. Academic literature contains hundreds of mathematical models
07
Oct 24
Demand Forecasting Misplaced
Demand forecasting is supposed to estimate market demand. Customers in a region buy products. The forecast should therefore represent demand from that market.
30
Sep 24
Decision Sciences Rediscovered
Decision Sciences, often called Management Science in academic circles, has existed for more than half a century.
23
Sep 24
Weather Risk Contracts
Supply chain contract design has been studied extensively in academic literature and has found practical application in many industries.
16
Sep 24
Scarcity As Strategy
Business education usually describes corporate success through familiar ideas. Companies succeed by improving efficiency, forecasting demand accurately
09
Sep 24
Transportation Contract Choices
Transportation planning often begins with a straightforward question. Should a company secure fixed price freight contracts with logistics providers,
19
Aug 24
Auto Forecasting Delusions
The automobile industry has one advantage that many consumer goods companies would envy. It generates abundant, granular, and reasonably credible
