By Robert Handfield, Apr 16, 2015
Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Here are a few guidelines I’ve encountered over the years that might help people think more about selecting and establishing metrics for your supply chain.
By Kimberly Nevala, Apr 14, 2015
The post 10 Signs You Are Analytical exposed common traits demonstrated by the analytically inclined. The traits discussed also apply to larger organisms (otherwise known as companies). But keeping a multi-headed organism on track requires more than just an analytic mindset.
By Bill Franks, Apr 09, 2015
One of the hottest topics in analytics today is marketing attribution. Attribution, for those unfamiliar, is the process of assigning credit to various marketing efforts when a sale is generated. In the modern world, this is no easy task.
By Stephan Kudyba, Apr 07, 2015
So you’ve jumped on the analytics bandwagon to improve decision making and process efficiency with strategic information, but so far your plans are not working out…what’s the problem you ask? As powerful as analytics can be to provide decision support in organizations, there are a number of factors that can render analytic initiatives lackluster or of little value
By IIA Faculty, Apr 03, 2015
A little more than a year ago, IIA offered our first view of the landscape of analytics maturity within the healthcare provider space. In our research, providing deep quantitative assessments to more than 20 healthcare provider organizations, we uncovered two important facts:
By Kimberly Nevala, Mar 31, 2015
As organizations extend the analytic umbrella – inviting business and technologists to actively collaborate in analytic insight centers and labs – contributions from the non-quantitatively inclined are more imperative than ever. An analytic orientation and critical thinking is not just for the data scientist anymore (if it ever was).
By Robert Handfield, Mar 26, 2015
In an Omni-Channel environment, the customer doesn’t care which division owns the inventory – they just want the product whenever and wherever they desire. Retailers have established a single view of the customer, but are still operating largely in functional silos.
By Thomas H. Davenport, Mar 24, 2015
For several decades we have assumed that the best financial planning and wealth management advice came from smart human advisors. Over the last decade or so, those smart humans were augmented with computer systems that make recommendations on the optimal portfolio given a certain risk profile and wealth level.
By Emmett Cox, Mar 19, 2015
All businesses have tons of data and various tools and software to manage it. It’s what you do with that data that significantly increases your ability to compete successfully. What you do with the data is your secret weapon.
By Mark Dobeck, Mar 17, 2015
Analytic capabilities provide the potential to accelerate innovation and in particular develop cancer treatments that are customized to various cancer types and individual responses to treatments. Identifying those who are genetically predisposed or vulnerable to certain types of cancers can lead to preventative action, behavior/lifestyle modifications, or advance treatments.