Halloween is a short 12 days away, and spending for the holiday is soaring. According to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics, total spending for Halloween is expected to reach $8.4 billion this year. This marks an all-time high in the survey’s 11-year history. US consumers are expected […]
My colleagues and I have written a number of articles about the widespread growth of e-commerce and its effect on distribution operations. Many companies are opening new facilities for e-commerce fulfillment and others are using traditional replenishment facilities to fulfill e-commerce orders as well. It’s well-known that e-commerce growth is affecting the requirements placed on […]
ARC Advisory Group (www.arcweb.com) monitors and analyzes the enterprise software market on a quarterly basis. We track the revenues of thirteen prominent publicly traded enterprise software companies and translate financial results reported in foreign currencies to US dollars using an average exchange rate for the given reporting period. Many of these companies are supply chain […]
But before AI does take over the world, can supply chain practitioners use AI and cognitive computing technologies to improve supply chain operations? Don’t hold your breath.
ARC Advisory Group (www.arcweb.com) monitors and analyzes the enterprise software market on a quarterly basis. We track the revenues of fifteen prominent publicly traded enterprise software companies and translate financial results reported in foreign currencies to US dollars using an average exchange rate for the given reporting period. The suppliers’ reporting period for this analysis […]
Last week I read the Logistics Viewpoints guest post by Chainalytics discussing the pitfalls of decision-marking biases. Although the Chainalytics article focuses on supply chain decision making, these biases can apply to business forecasting as well. Reading this article made me interested in my own potential decision-making biases. I chose to take time on Friday […]
Data models provide insights, but humans make decisions, and those decisions are not always rational. Behavioral economics research explores the nature of human decision-making, biases –like the “anchoring effect”, a common tendency to rely too heavily on the first piece of information when making decisions — and how seemingly unrelated things influence our decisions. We’re […]
