Is there anything in a business that is not covered by operations management practice? By definition, all of an enterprise’s internal processes are included: supply chain for …
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Operations management practice: between supply chain & value chain
OR analysis & the role of heuristics
Operational research (OR) analysis is all about modeling operational situations and problems with math, logic and scientific theory – or is it? Despite the common perception of …
Decision analysis tools: outsourcing vs insourcing
Conventional business wisdom is currently that any non-core competence in an organization should be outsourced to an external supplier that is specialized in that competence…
Standard deviation, sporting predictions & investments
Fancy a flutter? Actually, ‘flutters’, hunches’ and similar notions related to un-quantified intuition are avoided by many sports betting experts. They prefer a more analytical …
Using operations research for “look-ahead” inventory policies
How much inventory is held in the United States? If you count finished goods, partially finished goods and the raw materials needed to make those goods, there is over $4,000 of …
How business intelligence (BI) helps you avoid delay & boost results
Perception is not always reality. When business intelligence is often perceived by users as a ready-to-use window on their PC screen that will answer all their questions, …
Experimenting with business analytics
How do you see the business analytics trio of descriptive, predictive and decision analytics? If you see these activities as mechanical IT processes, you may well head off into …
Decision support systems: an extended taxonomy
Slicing and dicing data for insights and conclusions is all part of the decision support process. But decision support systems themselves can be sliced and diced to segment them …