Uh Oh, my uncertain variables have too much variation. How can I make use of it to model my Supply Chain? In many or most supply chain theories, they guide us how to solve problems when the uncertain variable follows a normal distribution. In reality, distributions are far from normal…

Very often when we read up those management articles be it managing revenue, procurement or even inventory, “gurus” keep telling us that we can simplify the problem into a 2X2 Matrix. Like this BCG Growth Share Matrix: Or this Kraljic Matrix to manage procurement:

Doing just enough for the presentation to the management. We all know management loves fanciful slides. And if you are too detailed, you will simply be brushed aside. Let’s take a look at a fanciful timeseries tricks that you can use on any general time series dataset! For this article…

It’s lunch time again and being the healthy you, you head towards the nearest stuff’d shop for your chicken burrito. Low and behold! there is a long snaking queue! You notice there are three staff on duty. Staff 1: Taking Order and Preparing the vegetables you want Staff 2: Adding in…

No nonsense difference between Plot and Subplot in Python Matplotlib As a beginner user in Python when I was looking at different codes, I got so confused with matplotlib. On one hand, examples online would show plots being produced using plt.plot(). On the other hand, plots are being produced using…

A no nonsense guide on how demand aggregation will help to reduce inventory. Previously in one of the articles on inventory reduction here, we discussed about how we can use demand pooling (aka demand aggregation) to reduce demand uncertainty and thus achieve inventory reduction. We did not elaborate about it…

Who’s the enemy? Not me, it’s Variation! We cannot agree more on one frustrating thing we face when travelling. Queuing to clear customs! It’s long, it’s uncertain and how do we know which is the best line to stand behind? Uh Oh. Since I always reflect about this during my…

Reducing Supply Chain Risks through the art of deciding as late as possible. In the Financial Industry, Options are purchased and sold everyday in large Volumes. Likewise, options thinking can be used when we are considering Supply Chain investments such as whether to decentralise or whether to take a vessel…

3 simple excel and python functions for your everyday descriptive analysis. In this article we will discuss 3 easy ways one can use to understand how their supply chain is performing. The two key areas to look at when doing descriptive analytics on your data is to know the: Central…