Ignorance occurs when the outcomes are not known (or predicted); uncertainty occurs when the outcomes are known (or predicted) but the probabilities are not; an... Read More...
Dear Dr. Jain, I work for a large company, a group which provides services for Oil & Gas Companies. It has several activities including : - Air transp... Read More...
You may think that Demand Management in Supply Chain is straightforward. Oh, how wrong you would be! Here in the UK, we have a problem with OTIF (On Time, In Fu... Read More...
There's a huge amount of information on the deployment of S&OP – at the last count there were around 40 million hits on a combined search of S&OP and IB... Read More...
Medicines must be delivered to patients at the right time, with the required quality, and at the right price. The consequences of stocks outs and poor forecasts... Read More...
Silo Mentality will hold back any company, but for Supply Chain oriented companies it can be a death sentence. It is a term we are all familiar with, but many o... Read More...
Do you feel that the information and knowledge that you have collected is overlooked? You’d expect the intelligence you possess would give you a seat at the dec... Read More...
It used to be that companies competed on price and service. Today, they are competing more on Big Data and technology. In the future, according to research by t... Read More...
Can you forecast better than a first grader? I would hope so, and of course most of us can. After all, our experience with forecasting tools and methodology far... Read More...
Since 2011, I’ve been teaching Supply Chain Risk Management at Lehigh University. Developing a new MBA class in Supply Chain Risk for our supply chain MBA stude... Read More...
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