Analytics in the context of business, is about how an organisation arrives at the optimal decision based on existing data. Leaders may choose to make decisions based on past experiences or rules of thumb, or there might be other qualitative aspects to decision making, but unless data is considered, it would not be an …
Pain areas in supply chain management Demand forecasting is one of the most critical functions of a supply chain management (SCM) team, and one where the team struggles the most. Current tools often present inaccurate results, causing errors in the procurement process. This usually because these tools are too narrowly configured to be able to …
The fundamental need for IoT Our hunger to improve our understanding has led to an insatiable thirst for knowledge, information, and thus, data. On the factory floor this is how data collection has evolved over the years. The primary roadblock with this evolution is the word ‘output’. It is a methodology which captures only lagging …
