How Advanced analytics is helping the evolution of Lean Manufacturing

In few of my previous posts, I have hypothesized scenarios where Machine Learning algorithms are managing key Supply Chain planning aspects. As the field of Artifical Intelligence evolves at a rapid pace, Machine learning’s “potential to deliver real-time optimization” is only starting to emerge, and evolution of the technology will accelerate over the next three…

Multi Echelon Inventory Optimization (MEIO): Challenges & Impact

Supply chain executives worldwide face an ongoing dilemma: improve customer service levels but don’t create excess or obsolete inventory at the same time. It’s a double-edged sword for supply chain performance. Because of variability in demand and supply, increasing customer service levels can lead to higher levels of safety stock. Improving cash flow by indiscriminately…

Avoiding the pitfalls of Sales & Operations Planning (S&OP) process

S&OP processes have really evolved with recent advances in technology and computing. Key aspects of any S&OP process were visibility, collaboration and shared insights. Data and analytics tools and technologies have acted as enablers to help S&OP managers successfully deliver these aspects of S&OP process. However, technology is always an enabler, not a solution in…