Remote work has been awesome for knowledge workers over the past year. It’s going to get even better, as long as we optimize for time and relationship over spatial proximity.
In Great By Choice, Jim Collins teaches us that there is no new normal… there is always just uncertainty and change. Predicting the future is hard. The best leaders and organizations, as such, plan for multiple futures and hedge accordingly. They plan probabilistically. One tool that can assist in scenario planning is Monte Carlo simulation. … [Read more…]
One approach to problem-solving is to use a program to find the optimized solution. This applies broadly. For example, your problem might be finding the lowest cost location to build a distribution center (DC), finding the right people to add to your team/company, or determining how to get to the local Target. When systems create … [Read more…]
It’s hard to beat the value-add of a good forecast in supply chain. Supply chains are long – thousands of miles with dozens of participants. Without a decent forecast you’ll end up with an abundance of waste in some way, shape, or form. We forecast for manufacturing products, securing transportation capacity, obtaining & using warehouse … [Read more…]
I recently finished the third course in MIT’s Supply Chain MicroMasters program, Supply Chain Design, hosted on their EdX platform. I scored an 86% on the final exam with an overall grade of ‘B’ for the class (which I expect will end up being average). Considering time constraints with work (especially working in supply chain … [Read more…]