Almost everyone enjoys a good glass of wine after a long day, but did you ever stop to wonder how the exact bottle you're looking for makes its way to the grocery store shelf? Analytics has a lot to do with it, as SAS demonstrated to attendees at the National
According to the Price Waterhouse Cooper 2018 Global Economic Crime and Fraud Survey, the reported rate of economic crime is on the rise, up to 49% in 2018. That makes the use case I want to share particularly relevant, no matter what industry or sector you're in. This use case
As you will have read in my last blog, businesses are demanding better outcomes, and through IoT initiatives big data is only getting bigger. This presents a clear opportunity for organisations to start thinking seriously about how to leverage analytics with their other investments. Demands on supply chains have also
How do you explain flat-line forecasts to senior management? Or, do you just make manual overrides to adjust the forecast? When there is no detectable trend or seasonality associated with your demand history, or something has disrupted the trend and/or seasonality, simple time series methods (i.e. naïve and simple
There's been a lot of hype regarding using machine learning (ML) for demand forecasting, and rightfully so, given the advancements in data collection, storage, and processing along with improvements in technology. There's no reason why machine learning can't be utilized as another forecasting method among the collection of forecasting methods
When it comes to forecasting new product launches, executives say that it's a frustrating, almost futile, effort. The reason? Minimal data, limited analytic capabilities and a general uncertainty surrounding a new product launch. Not to mention the ever-changing marketplace. Nevertheless, companies cannot disregard the need for a new product forecast
GAHHHHHHHHH! My screams filled the office hallways on a Sunday afternoon. In agony, I hopped to the ice machine to find relief for my crushed toe. Moments before, while hanging my shiny new patent plaque on the wall, it dropped six feet and landed on my big toe joint. Since
What if you could automatically detect supply chain anomalies as they happen, or even predict them in advance? You'd be able to take timely corrective action and help maximize revenue, margins, customer satisfaction and shareholder value. There's no question: Supply chain planning and execution is complex. From design and sourcing, to
When you hear someone refer to an ‘inside baseball’ move, it means they’re playing into the subtleties of the game. Inside baseball requires a high level of awareness, experience, and strategic thought. This typically results in a mix of strategies to get runners on base and manufacture runs rather than
We have entered the “second machine age.” The first machine age began with the industrial revolution, which was driven primarily by technology innovation. The ability to generate massive amounts of mechanical power made humans more productive. Where the steam engine started the industrial revolution, the second machine age has taken
