We will be speaking with ITW at SCOPE Spring in Chicago on Monday April 23rd 11-12. The title of the talk is "New Trends in Supply Chain Analytics."
Here is the abstract from the SCOPE website:
- A driving force behind much of the success at ITW is the 80/20 business process. Learn how this business process was applied to supply chain network and supply chain optimization at ITW.
- Also, learn how new trends such as considering multiple objectives at the same to gain deeper insights and learn how inventory optimization is really about preventing lost sales, reducing late shipments, reducing expediting, and running a better supply chain
- Learn how the combination of tools and processes leads to on-going benefits
Toni Stark, Director, Distribution Operations, Illinois Tool Works Inc. co-presented with Michael Watson, Ph.D., IBM and Adjunct Professor, Northwestern University
ITW is well known for their use of the 80/20 rule to focus on the important. (Click here for their write-up on this idea). It will be interesting to hear how these concepts apply to supply chain analytics. We look forward to seeing you at SCOPE.