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I Can See for Miles & Miles

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Anna young
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Anna young   10/21/2012 5:38:59 PM
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For workers just as for businesses, the ability to see further ahead is competitively in one's interest. But is it enough? If you can see deeper into your company's supply chain and can't figure out the value of the information or apply it to create a competitive edge then the information is irrelevant. That's why companies need people who can help them translate information into action.

Bolaji Ojo
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Re: I can see for miles...
Bolaji Ojo   10/18/2012 4:51:48 AM
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There's also one additional aspect alluded to in Gerry Fay's blog. How about when you can see for "miles and miles" but only so far? How about the known unknowns, the things we can prepare for and the ones we can't because we may not even know they can occur?

I believe the industry is getting it that the baseline is what Gerry described here. But it also must move beyond this to attempt each time to see more, farther and deeper than it did the day before. As you noted, the race to prepare for those possibilities would then follow to the extent that the industry can prepare itself.

prabhakar_deosthali
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prabhakar_deosthali   10/18/2012 12:55:48 AM
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All these tools are fine. They look to have concealed all the complexity of analytics but just to tune them to get the data required itself sometimes becomes a task unto itself.

It is better to have such kind of services available on the cloud rather than buying such products in-house

Barbara Jorgensen
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I can see for miles...
Barbara Jorgensen   10/17/2012 3:33:46 PM
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Gerry--I find it interesting that these "what if" capabilities are moving closer to the end customer. Let me clarify that: at one point, companies would hire consultants to run risk management scenarios--many still do. Companies themselves can do it, but only if they compile and trust the data they get from their supply chain partners. Then there are the parallel supply chains -- logistics, 3PL, financial ... the list goes on. If customers can pick and choose what data they need and at what point they need it, I can see the advantages. I get exhausted just thinking about the possible combinations.



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