As business professionals, we take some important business concepts for granted. Today, we'll explore the difference between Productivity and
The Bullwhip Effect and the Beer Distribution Game
Yesterday for class, we played the Beer Distribution Game, which is a game developed by the Systems Dynamic Group at MIT back in the early 1960's.
Weighted Moving Average Forecasting Methods: Pros and Cons
In a previous article, I provided an introduction to business forecasting. In this article, we will discuss 2 types of forecasting models - the
Introduction to Business Forecasting and the 4 Laws to Always Remember
This article is part 1 of a series on Forecasting. A forecast is an estimate of the future level of some variable. That variable is most often
Apple iPhone Supply Chain Analysis: All Roads Lead to China
Update: This is my 2007 article on the Apple iPhone Supply Chain Analysis. It's a dated article and many things have changed. But, it may still be an
Amazon Packages Shipped Per Day
Peak Season at Amazon is crazy, fun, and exciting. That is a time when "all hands on deck" really comes into play and everybody is pitching in to
Visible Supply Chain Means Traceability and Accountability
A Visible Supply Chain can be a competitive advantage. Traceability in the supply chain is one of the most important aspects of the customer
How to Apply the Profit Tree Framework for Revenue and Costs
Business frameworks help us to understand and describe the world in simpler, less complex terms. This is why the Profit Tree is so helpful. In this
Applied Regression Analysis on Absenteeism and Service Level
In a lot of business analysis, there's quite a bit of art, not just science. In this article, I employ science, but there's definitely some art