IBM Decision Optimization
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Northwestern is starting a new Master of Science in Analytics. This promises to be a top notch program turning out students ready to lead in applying analytics.
IBM supports this deep commitment to analytics. Sam Palmisano, IBM's current CEO, is quoted on the Northwestern website:
"[Analytics] is huge...for the first time, information technology is going to do real things to make our lives better. The data is out there. Now it is just a matter of maximizing the utilization of that data, organizing and analyzing it so businesses can make better decisions."
IBM is committed to becoming a leader in Analytics. Click here for an article.
It is very likely, that IBM's incoming CEO, Ginni Rometty, (a Northwestern graduate) will be equally committed to analytics.
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Customer expectations have grown for not only what they are buying and how they are buying it, but how it is fulfilled and when they will receive it. They want to buy online and pick up in the store, or have it shipped direct to their home or office -- and they don't want to wait.
This shift has supply chain professionals moving beyond transactional enterprise systems and operational rules of thumb to a more advanced value chain. The value chain takes advantage of all this new granular customer data to enable organizations to respond to demand variability at the point of consumption -- connecting the supply chain directly to customer demand, orchestrating seamlessly between trading partners and suppliers. This is an inherently multi-enterprise, cross-functional collaborative process that requires bringing together a vast amount of data from disparate sources to make the right strategic, tactical and operational choices.
In this webinar, we will discuss the strategic requirement to creating a successful value chain:
Adrienne Selko manages the editorial content of IndustryWeek's award-winning Web site. Before joining the staff in 2004, Selko was managing editor of corporate publications at a large regional financial institution. She was also an editor for the U.S. based publication of a medical manufacturing company. Prior to that she ran a public relations and marketing company that published a best-selling healthcare book. Selko received a bachelor's of business administration from the University of Michigan.
Richard Douglass is the Worldwide Industry Director, Manufacturing, Smarter Commerce within the software group of IBM, where he is responsible for industry marketing and key industry account support. He has over twenty-five years of experience in supply chain management consulting and solutions development in a variety of manufacturing sectors ranging from chemicals to high tech. Prior to joining, Douglass had similar responsibilities at Sterling Commerce and webMethods, integration and application software providers, and prior to that he was an associate partner at Accenture, a global consulting firm.
He received a bachelor's in computer science from Michigan State University and an MBA from the Kellogg Graduate School of Management at Northwestern University. He is certified as a Six Sigma Black Belt. He is a senior fellow at the University of Maryland.
We will be presenting at Florida International University's Green Supply Chain Forum on Oct 27 at FIU's College of Business complex in Miami. Click here for information on the agenda. Our session runs from 3:30 - 4:30 ET on the 27th. Here are the session details:
Introduction to IBM Green Sigma™
How to reduce your environmental impact through Green Sigma™
If you are in area, we hope you can make the session.
In yesterday's broadcast of the weekly Supply Chain Video News sponsored by the Supply Chain Television Channel and CSCMP, we were interviewed about the new multi-objective optimization capability. If you click here, it will take you to the video. The interview starts at about the 7:00 minute mark.
This type of technology fits in with IBM's broader strategy of Smarter Commerce. IBM is seeing the trend towards much more complicated supply chains with a much more connected customers at the center. These customers have great access to information through their smart phones and social networks and are buying through many different channels. IBM's Smarter Commerce strategy helps companies thrive in this new environment.
Making sure the supply chain is properly designed is an important component of Smarter Commerce. The multi-objective optimization is the technology that gives full visibility to potentially conflicting objectives of various components of a value chain and analyzes the trade-offs between them. This technology is an attempt to replace the traditional optimization questions such as "what is the least-cost supply chain?" with questions such as "what is the ideal value chain for my customers, partners and my own organization".
Do you need to reevaluate your supply chain?
The Q3 2011 edition of CSCMP's Supply Chain Quarterly has an article on the seven signs that you need to redesign your supply chain. (click here for a link to the article-- you need to be a CSCMP member or subscribe to the journal.) The article was written by Simon Bragg, Richard Stone, and Julian Van Geersdaele of the consulting firm SCI3. [UPDATE: Click here for a link to the article on SCI3's website]
The article provides a great overview on why network modeling is important to a firm.
They make the point that network modeling tools can help you evaluate many different strategies to understand the impact of each. IBM's new capability to optimize over multiple user-defined objectives greatly enhances this process. That is, you can gain deeper insight into your supply chain by evaluating the complete trade-off curve between multiple objectives.
Also, the article points to many reasons for re-evaluating your supply chain that reinforce the need for bringing these types of tools in-house. For example, it is important that you have the on-going capability to analyze service failures, major disruptions, product and customers changes, and changing 3PL relationships. You do not want to wait every two to four years to look at these issues, you want to be on top of them on an on-going basis.
The next Virtual Users Group will be held on Thursday Oct 13 at 11 AM ET / 5 PM Paris. The next user group sessions will cover the new features in the upcoming version of LogicNet Plus XE. The new version was announced this week and will ship in December. It has a lot of new capabilities that will increase the value you get from the tool.
If you did not get an invitation to the users group meeting, please let us know.
Or, if you are not a current client, but want to know more about how this version could help you, please let us know and we'll set up a meeting with you.
IBM announced the new version of LogicNet Plus XE this week.
This releases enhances LogicNet Plus XE's leadership position in the supply chain network design market. It includes many cutting edge and innovate features that will allow you run new types of optimization , and gain deeper analytical insight. Highlights of the new release include:
This is the third major release of LogicNet Plus XE since 2009 and shows IBM's continued investment in the product.