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This is the second article in a three-part series on how to reduce uncertainty in the supply chain for lower costs. The first was about reducing uncertainty downstream.This article deals with reducing uncertainty within the company. There are several ways to define uncertainty. I like two angles on uncertainty (which are not
Twelve years ago, in 2006, Time magazine made an interesting move in deciding on its “Person of the Year.” Instead of one of the many eminent scientists, world leaders, or stars of stage and screen who had influenced the world that year, Time chose to recognise a social phenomenon. It
When I ask people what they think the Internet of Things (IoT) is all about, the vast majority will say “smart homes,” probably based on personal experience. If I say that it is also about industries making using of data from sensors, then most people’s immediate reaction is to think