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Homeostatic SCM
Have you ever wondered how biological systems, like our own body, can react to external stimuli or internal changes and bring all our life support variables back to normal? Think about body temperature, our natural biological system keeps it close to an average value or norm of 98.6 degrees Fahrenheit. Overheating provokes sweating and heat-loss…
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Digital twins
A Digital Twin is an executable real-time virtual model of physical reality. In another words, a Digital Twin is a digital representation, a digital mirror, of the real-world. They are uniquely useful to detect, prevent, predict, an optimize processes, systems, and objects which they do by using real-time data andanalytics. Let’s look at one simple…
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You desperately need C.H.A.N.G.E.!
Creative Hands-on Analytical Nimble Great Employees Every business is trying to figure out life after Covid. Whatever wave they have been riding, the good, the bad, or the ugly, that wave will hit shore soon at a place that will not be the same as before. The biggest problem we are all facing is that,…
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The ABC-XYZ Inventory Management Model
One of the leading problems in SCM is the optimization of inventory. Inventory is actually a consequence of other business parameters and policies, such as: Calculating inventory level targets and deciding replenishing policies is something that has been studied for a long time and solved through many different models. Most companies use Information Technology (Enterprise…
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