Big Data Challenges and Opportunities
Big Data Challenges and Opportunities. Big data refers to very large datasets that can be analyzed to uncover patterns, trends, and relationships that can be used to make more informed …
“Supply Chain is like nature, it is all around us.” ~ Dave Waters
Big Data Challenges and Opportunities. Big data refers to very large datasets that can be analyzed to uncover patterns, trends, and relationships that can be used to make more informed …
SCM Disruption: Somali Pirates VS Ship Security Compilation. Somali pirates attacking container ship. A whole new meaning to mitigating supply chain risk. Thought this was an interesting look at the …
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How It Works: Internet of Things. The Internet of Things (IoT) refers to the network of physical devices, vehicles, buildings, and other objects that are embedded with sensors, software, and …
VIDEO: Takt Time, Cycle Time, Lead Time. Takt time is the rate at which a product or service must be produced in order to meet customer demand. It is calculated …
Supply Chain Management: Strategies and Innovations. Professor Hau L. Lee is a leading expert in the field of supply chain management and has written extensively on supply chain strategies and …
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Calculating EOQ – Economic Order Quantity. There are several methods for calculating Economic Order Quantity (EOQ), including the basic EOQ formula, the EOQ with backordering, and the EOQ with quantity …
How Apple’s Inventory Management is So Lean. Apple’s inventory management is considered to be lean for several reasons: All these factors combined allow Apple to maintain a lean inventory management …
A day in the Life of a Grainger Employee – Supply Chain. W.W. Grainger, Inc is an American B2B industrial supply company. The company’s supply chain is known for its …
Sam Walton Documentary – Walmart Success Story Sam Walton started Walmart and was a master at looking at what other people were doing and improving on it. Part of Walmart’s …
BASF Smart Supply Chain. BASF, one of the largest chemical companies in the world, has implemented a “Smart Supply Chain” concept to improve the efficiency and sustainability of its logistics …