Big Data: a Big Decision

Every so many years, a new supply chain terminology takes the front page and dominates the conversation in magazines and conferences. In the last decade or two we’ve seen JIT (Just in Time), TQM (Total Quality Management), 6 Sigma, S&OP (Sales & Operations Planning), Lean, Agile, Demand-Driven Supply Chains…to name just a few. Often it is for good reasons that these concepts draw attention, as … Continue reading Big Data: a Big Decision

The Future of Analytics in Integrated Business Planning

According to Wikipedia, prescriptive analysis is – after descriptive and predictive analysis -the third and final stage of business analytics. Gartner plots prescriptive analysis as the final and most difficult stage of data analytics. This article will draw an analogy with the mapping and car industry to suggest that prescriptive analysis as an opportunity to support Integrated Business Planning (IBP) and business optimization, is not … Continue reading The Future of Analytics in Integrated Business Planning

How to find gold in Big Data

A CFO I worked for once famously said; ‘give me the golden nugget, don’t give me all the dirt’. What he meant is that although he knew the finance communicate navigates its way every month through a lot of data, he was only interested in key insights. Presented in an understandable way, without too many numbers please. Makes sense doesn’t it? Well not when we … Continue reading How to find gold in Big Data