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The Bayesian approach uses a combination of a priori and post priori knowledge to model time series data. That is, we know if we toss a coin we expect a probability of 0.5 for heads or for tails—this is a priori knowledge. Therefore, if we take a coin and toss it 10 times,... |
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Superior transportation management planning is characterized by optimized planning, proactive carrier management, improved visibility, and comprehensive control over operations and freight accounting. This white paper explores five essential elements that can transform the... |
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As supply chain teams demand the power of best-of-breed supply chain optimization solutions, the question becomes how best to integrate these powerful solutions with the organization’s existing enterprise resource planning (ERP) and advanced planning and scheduling (APS)... |
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Introduced in the early 1990s, inter-firm Electronic Data Interchange – or EDI – is now (already!) considered as a long-standing practice.Today, most large and middle-sized enterprises own such systems. They feature in over 70% of companies operating in a... |
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With the advent of new technologies, a changing geopolitical context and ever more pressing concerns about sustainability, are we seeing the emergence of a new form of globalisation?
At the IfM's annual Cambridge International Manufacturing Symposium, leading... |
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Supply Chain Digest conducted 80 detailed survey responses from leading corporations, supplemented by one-on-one interviews with dozens of supply chain executives and industry experts. The study shows users clearly rating best-of-breed solutions superior to ERP applications with... |
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According to Gartner, the typical company provides support services and parts for an average of more than seven years after an initial product sale. Aftermarket parts and service have profit margins as much as 10 times those for initial product sales, and post-sale service is key... |
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Your organization relies on its contract management processes to protect itself in a fast-moving and unpredictable business environment of risks, rules, and relationships. But contract management is changing, due to such factors as technology, globalization, and an increasingly... |
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The purpose of this paper is to investigate the interface between product design and the supply chain and to develop a roadmap to the design centric business through better management of this interface. The research shows that successful companies will be those which seek to... |
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Manufacturing outsourcing has become a global phenomenon as more and more companies continue to join the bandwagon. Lowering costs, servicing local markets, reducing order cycle times, focusing on core competencies and more importantly, maximizing return on investment have been... |
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