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The Perils of Third Party Data in Forecasting

Many have touted the inclusion of data from outside the firm as a way to improve forecast accuracy.  The idea is that, with the incorporation of more information to explain the demand signal, forecasts are bound to be better.  In…

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Now That Commodity Prices Are Coming Down…

After many months of angst about rapidly rising commodity prices, indications are that they are coming back down.  This presents an opportunity for a data-driven business that uses advanced analytics.  Though there is pain in operating a supply chain under…

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Analytics Arrives in the Trucking Industry

There has never been a more challenging time for the trucking industry.  From driver retention and recruiting, to safety, maintenance, and fuel savings, leading companies are now beginning to use a data analytics approach to improve their operations and financial…

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Machine Learning and Demand Planners Unite

Back in 2016, Tom Davenport wrote a book, “Only Human’s Need Apply."  This book was focused on the notion that companies should embrace smart technologies and ensure they are well positioned to have work augmented by them, and not automated.…

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Try These Tools from the Insurance Industry

The sharing of techniques and methodologies across industries can produce advances in successful applications, not only for the practice of analytics as a whole, but for individual firms.  Practitioners in the areas of marketing and supply chain analytics, for example,…

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