Archive for supply chain network design – Page 2

Guest Commentary: Transportation Network Design: Are You Optimizing an Inefficient Supply Chain?

Many supply chains are the product of history, put together over time as a company grows with expanding product lines and emerging markets. In larger successful companies, supply chains can grow to enormous complexity, encompassing billions of dollars in assets and deeply ingrained processes. If an organization continues to gain market share, acquires other companies and strengthens its brands, you might assume that its supply chain and transportation network are functioning pretty well, right? But […]

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To Understand a Supply Chain, You Need to Model It With Supply Chain Design Tools

I am slogging through the book “Thinking, Fast and Slow” by Nobel Prize winning economist Daniel Kahneman. The main premise of the book is that the human brain has two systems for thinking: one that is “fast,” uses simple rules, and learns patterns; the other is “slow,” requires great effort, and is the source of greater rationality. However, because people so often use “fast” thinking, and prefer to use it because it requires less effort, people […]

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