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Unfolding Forecasting
In making conscious decisions under uncertainty, we all make forecasts. In business, Sales Forecasting is a critical component of Supply Chain Management. Forecast helps to determine the amount of inventory to be kept on hand, raw material to be purchased, and quantity of products to be manufactured...
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Variability and Supply Chain
According to a recent survey by the Forrester Group, high variability in demand and supply were among the top three impediments to improvement in supply chain performance...
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Supply Chain Simulation
Supply chain simulation can address decisions where the number of choices is limited, but the evaluation is analytically unfeasible on account of significant uncertainty associated with decision variables...
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Managing Complexity
A new management approach based on complexity science advocates a shift from the "command and control" style of management to a "sense and response" style. This implies a shift in building skills to predict and control outcomes to the ability to recognize patterns and adapt quickly...
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Distribution Planning
Over the last few years, the demand placed on the distribution and logistics departments of manufacturing and marketing organizations has been continuously intensifying due to pressures from increased competition, introduction of new manufacturing methods, and increased expectations from partners and consumers...
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Game Theory
Game Theory improves strategic decision-making. It makes one aware of which strategy matters in what situation, to say nothing of the strategic nuances on the part of one's competitors or opponents. It can improve one's ability to run a business or to evaluate changes...
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