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Analytics

Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management

Big Data Implications

Big data and big data analytics pose a series of implications and challenges.  Organizations that seek to become analytical competitors must have an established analytics culture consisting of  well trained employees who are using the right enabling technologies.  However, these organizations face challenges maintaining consumer privacy while they collect and use sensitive information.

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Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management

Big Data Analytics

Big data is all around us.  As we have seen, big data is characterized by its volume, velocity, and variety (the infamous three 'V's).  Great, you have a lot of data...now what?  Well, these untapped 'dark data assets' give rise to vast opportunities for those organizations that seek new ways to compete.  Studies have shown that organizations that compete on analytics by focusing on their core competencies fare much better than those who do not.  Some have gone so far as to call big data the ‘new oil’.  In part two of this four part series, we will take a closer look at big data analytics.

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Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management

Big Data Demystified

With the advent of big data, organizations are beginning to recognize the impact that big data and analytics can have on their ability to compete in their respective industries.  In a recent study by MIT and the SAS Institute, 67% of leading organizations firmly believe that analytics give them a competitive advantage.  This recognition has revealed that it is not only about the volume, velocity and variety of the data at hand, but having the right culture, skillsets, and technologies in place, while respecting the privacy of consumers.  This post will be the first of a four part series aimed at demystifying the term 'big data', and touching on opportunities, implications and challenges related to big data.

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Analytics, Business Intelligence, Healthcare, Posts, Supply Chain

The Hierarchy of Healthcare Supply Chain Metrics

In my July post, I introduced the 'Hierarchy of Supply Chain Metrics', which is a framework of supply chain metrics conceived by Gartner, the world's leading information research and advisory company.  The model provides 3 tiers of integrated metrics to assess, diagnose, and correct supply chain performance, and is a great example of what constititutes a supply chain scorecard.

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Analytics, Business Intelligence, Posts, Supply Chain

Tecsys Analytics with WERC Benchmarks

It has been said that you can't manage what you can't measure.  In the world of analytics, this is our daily mantra.  However, as succinct as the statement may be, you can't help wondering if it is missing something —  a little something called perspective.

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Analytics, Business Intelligence, Posts, Supply Chain

The Hierarchy of Supply Chain Metrics

Since 2010, Gartner, the world's leading information technology research and advisory company, has been publishing an annual report entitled 'Gartner Supply Chain Top 25' which ranks organizations that demonstrate leadership in supply chain management.  In each of these reports, the 'Hierarchy of Supply Chain Metrics' is positioned as the ideal set of metrics to measure supply chain operational performance.  To emphasize Gartner's stance, the subtitle reads: 'The Metrics We Wish We Had'.

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