In another article in this month's Harvard Business Review (July-August 2009), "Management as a Science" was cited as one of the trends executives should watch.
Management as a science uses mathematical models and data from operations to help executives make better decisions. Our supply chain planning applications are a great example of models helping firms make better decisions.
The authors point out that despite some recent failings of some high-profile financial models, the trend towards management as a science will march on. They note that the tools need to become more dynamic, that they need to integrate more real-world feedback, and that "business executives need to get better at using them."
ILOG's supply chain planning applications are well positioned within IBM to help firms take the lead in this trend. Supply chain executives benefit from:
- The ease of use to fully use and understand the results of the models
- IBM commitment to providing more real-time data and feedback
- IBM's commitment to advanced analytics.
- The power of the combined IBM and ILOG which brings together over 800 Operations Research experts and practitioners with the gold standard of the IBM ILOG CPLEX solver.