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Blog Series: Demystifying Data Science

Blog Series: Demystifying Data Science If you are like me, you hear terms like machine learning, data mining, algorithms, etc.... Read More »

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Peer Bank Recommender

Hari Murakonda and Sanjeevni WanchooFebruary 14th 2017 Introduction If you’ve ever been part of stress testing at a bank, you... Read More »

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Self Driving Trucks May Create New…

The above picture is one I took while on vacation in Costa Rica.  We were going to a remote beach... Read More »

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Why Driverless Trucks could Create the…

There has been a lot of talk about how driverless trucks may reduce the need for drivers and how will... Read More »

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Book Review: My thoughts on…

Shoe Dog, a memoir from Phil Knight, the Founder of Nike, is one of the best books I have read... Read More »

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A Non Obvious Way Self Driving…

  Driverless trucks could have a large impact on the design of your supply chain. Jeff Potts of LeanLogistics wrote... Read More »

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From an Executive: Operations is Good…

As we reflect back on 2016, a few interesting themes emerge on the importance of operations in business: Some of... Read More »

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How you should be using Multi-Echelon…

In a previous blog Dr. Mike Watson offered up a statement that seemed to goes against what people have been... Read More »

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The Focused Factory and Understanding Product…

  Last month, Bloomberg Businessweek ran a story on how the New England Paper Tube company made a comeback from... Read More »

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The Four Myths of Supply Chain…

In over 15 years of studying supply chain risk, there is a common set of comments that I often hear... Read More »

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3 Great Lessons from Video on…

On LinkedIn, I came across this short, one and a half minute, video on how Amazon arranges items in its... Read More »

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Dealing With Poor Predictive Models

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Quick Tips to Transform Your Tableau…

We’ve all been there. You have spent all week getting the optimal results and now you have a short time... Read More »

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Imagining the Supply Chain of 2030

  I had the opportunity to join the Supply Chain Insight Global Summit last week in Arizona.  As expected, this... Read More »

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Increase your productivity with streamlined reporting…

Whether for documentation or reporting, incorporating document producing packages in your R code will allow you to easily share your... Read More »

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You Don’t Need the Optimization in…

The Truth is That Multi-Echelon Inventory Optimization is Widely Misunderstood and Chances are, you Don’t Need Optimization (This article first... Read More »

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Top 10 Do’s and Don’ts that…

Below are useful guidelines for how to build and maintain a data-centered process that can help drive analytical capability for... Read More »

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GE Appliances and Lighting: Solving Large-Scale…

A couple of years ago while working on my PhD and before joining Opex Analytics, I had the privilege of... Read More »

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On Network Modeling: Blaspheming the…

“Baseline Validation” is as elemental to a network modeling workplan as “creating good jobs” is to a candidate’s economic plan.... Read More »

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Who is Afraid of the Big…

  In May 2016 I participated at the IRI Annual meeting in Orlando. I attended the round table “Implications of... Read More »

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I Used to Dread Monday Mornings…

When I was a planner more than 15 years ago for a consumer goods manufacturer, I approached each Monday morning... Read More »

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The Newsvendor Doesn’t Tell the Whole…

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Extra! Extra! Here’s What You Need…

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Role of Loss Functions in Machine…

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The Profit Maximization Feature may Help…

(This is the second article in the series on Profit Maximization that was first published at SCDigest.) In a previous... Read More »

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Two Big Reasons You Don’t Want…

(We recently were interviewed on weekly The Supply Chain Television Channel and CSCMP– click on the above picture and go to... Read More »

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You Can Set Inventory Levels and…

(This article first appeared in SupplyChainDigest.) If you are like me, when you first got into the inventory field it... Read More »

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Discovery vs Production with Big Data

It has been noted that big data technologies are predominantly used for ETL and data discovery. The former has been... Read More »

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6 Organizational Issues in Tactical Inventory…

(This article first appeared at Supply Chain Digest and was co-written with Paul Brown.) When rolling out a tactical inventory... Read More »

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Three Ways to Get More Value…

Many companies are sitting on an asset and aren’t realizing its value. This asset is the data you have from... Read More »

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Mathematical Optimization and Machine Learning

You won’t be surprised if I tell you machine learning, data mining and data science are hot topics today. But,... Read More »

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Six Steps in a Network Design…

I just came across an article in Inbound Logistics on the 6 Steps you should go through in a network model.... Read More »

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4 Things Nick Saban Can Teach…

I heard a great story on how Nick Saban’s Alabama football team wins so many games. The story goes like... Read More »

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Top 3 Predictions for Network Design…

Last week, Dan Gilmore of Supply Chain Digest asked us to provide predictions for what would happen in the field of... Read More »

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5 Ways Sensors Will Change The…

  The Wall Street Journal recently published an Op-Ed piece by Andy Kessler (author of Eat People and Running Money,... Read More »

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A Tech Tip on Interpolation

This week’s tech tip is on interpolation, one kind of data transformation data scientists use to create new data points... Read More »

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Why You Need to Understand the…

(This article first appeared in SupplyChainDigest and was co-authored by Sara Lewis) Recent advances in computing and availability of data... Read More »

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Non-linear models and the value they…

Operations research analysts and modelers try to avoid non-linear models in network and supply chain design. This has led many... Read More »

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3 Things the $1.5 Billion Powerball…

It is hard to avoid hearing about the $1.5 Billion Powerball.  Along with the size of the prize, there has... Read More »

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Bringing Analytics to the CFO

A recent article in the Wall Street Journal highlighted the rising need for analytics on the CFO’s team. The article... Read More »

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MH&L’s Top 10 Advanced Technologies that…

  MH&L recently published an article on the Top 10 advanced technologies that will shape manufacturing’s future.  The research was... Read More »

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What the Big Short taught us…

The Big Short, a box office hit, details how Dr. Michael Burry (and a select few) predicted the credit and... Read More »

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7 Ways You Can Think About…

On Dec 15th, Snapfish, a photo services company, found themselves on the front page of the USA Today. Unfortunately, the... Read More »

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NPR’s Planet Money Podcast Explain A/B…

NPR’s Planet Money recently did a podcast on A/B testing.  It is worth a listen if you are new to... Read More »

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Bank of America Passes Its Stress…

On Dec 11, the Wall Street Journal’s lead article in its Money and Investing Section was on the news that... Read More »

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White Paper on Data Wrangling for…

Fallout from the 2008-2009 financial crisis included the emergence of a new regulatory landscape intended to safeguard the U.S. banking system... Read More »

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Machine Learning and High Quality Potato…

I always like learning about new applications of machine learning algorithms to improve operations.  And, I especially like ones that... Read More »

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Simple Models for Next Day or…

(This article first appeared on SupplyChainDigest) When we wrote the book Supply Chain Network Design, we intentionally started with a... Read More »

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Podcast: Big Data Analytics with…

The popularity of R continues to grow.  However, it can be difficult to use R with large data sets. Diego... Read More »

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6 Modeling Tips from LLamasoft and…

  (This article first appeared in SC Digest.) At the same CSCMP talk as Benjamin Moore (covered here), Jason Brewer... Read More »

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Five Take-Aways on Natural Gas Trucks…

  (This article first appeared on SC Digest.  It was a report from the annual CSCMP Conference) With the current... Read More »

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Beyond Basic Machine Learning: Modeling Loan…

Dodd-Frank Act Stress Testing (DFAST) is now required also for smaller banks with assets less than $50 billion. Simply stated,... Read More »

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Truckload Market Innovations– A Real Time…

Alex Scott recently published an article on real-time index for truckload rates.  (The article is here but you may need... Read More »

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Quick Overview of Theano: A…

In a recent engagement, we were tasked with evaluating sets of time series data at many intervals to determine the... Read More »

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Why python can make your decision…

If you are dealing with complex, large scale and multi layered systems, you may end up analyzing and solving multiple,... Read More »

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Five Supply Chain Design Lessons from…

At CSCMP’s annual meeting, I got the chance to listen a talk from Benjamin Moore on how they redesigned their... Read More »

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Two Supply Chain Design Lessons from…

The Starbucks CEO, Howard Schultz, spoke at the annual CSCMP event in San Diego a few weeks ago. He made... Read More »

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NFL Fans on Facebook

In 2013, Facebook conducted an exploration of the number of Likes received by each NFL team in every U.S. county... Read More »

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CSV to Spark SQL tables

Recently we were involved in a project that required reading and importing more than 30 csv files into Spark SQL.... Read More »

Publication

3 Things You Should Know About…

“3 Things You Should Know About Big Data and Analytics.”  This article was published in CSCMP Supply Chain Quarterly Journal... Read More »

Publication

Article: Sequence Dependent Set-Ups in the…

This technical paper presents a model for sequence dependent set-ups in the glass industry.

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Top Four Best Practices for Multi-Objective…

(This article first appeared in Supply Chain Digest) Let’s start with an example of multi-objective optimization.  The map you see... Read More »

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Caesars Entertainment’s Customer Data is Worth…

(Note:  This article first appeared in Supply Chain Digest). A few months back, the Wall Street Journal reported that Ceasar’s... Read More »

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Ford’s $100M Inventory Solution

Several years ago, I worked on a technical inventory optimization project for a $1.5B consumer products company.  The CEO of... Read More »

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Using Spark to improve performance of…

One of the biggest hurdles in MapReduce is model calibration for machine learning models such as the logistic regression and SVM... Read More »

Webinar

Impact of the New Hours of…

We recently did a video interview on Supply Chain Digest (starting at about the 3:20 mark) on the trucking industry’s new Hours... Read More »

Publication

Article: In-Store One-To-One Marketing

A technical article on how retailers can better market to individual customers in the store.

Publication

Hortonworks White Paper: The Rise of…

This paper addresses how these "Data First" enterprises are investing in advanced analytics to garner insights into customers and processes and delivering improved performance and discovery through machine learning across industries.

Case Study

Sears and Same Day Delivery

The article highlights past failed attempts of firms like Webvan and Kozmo with recent efforts by companies ranging from Deliv and Zipments to Amazon and Google, with research on how retailer Sears can best leverage its network.

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Which Final Four Game Was Most…

Which Final Four game was the most exciting? The question is difficult because any person who has an opinion is... Read More »

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Interactive Twitter Analysis of NCAA Elite…

Last Sunday we followed March Madness on Twitter to see what fans and rivals were discussing during the final day... Read More »

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Check Out Our Interactive Twitter Dashboard…

We are collecting Twitter data for the NCAA Tournament. We’ll have more to come, but you will like this dashboard.... Read More »

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Text Analytics and Twitter: What…

So what can companies expect to derive from social media, in this case Twitter? To give a little background, Twitter... Read More »

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Using Transactional Data to Estimate Truckload…

What is the status of the truckload transportation market?  Does demand outstrip supply?  Does supply outstrip demand?  Is the market... Read More »

Book

Managerial Analytics

An Applied Guide to Principles, Methods, Tools, and Best Practices

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Top Five Rules for Cleaning Data…

After receiving a lot of feedback on our video interview on data cleaning, we just published an article on Supply... Read More »

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Customer Behavior from Web and Text…

Many sites and portals offer text content on web pages. For example, news aggregators such as The Huffington Post or... Read More »

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How can Airlines Use Big Data…

Airlines have been one of the first industries to use advanced analytics in areas such as revenue management. “Should a... Read More »

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Big Data: A Misnomer

Google Trends shows no organic searches for term “big data” until 2011 and an approximately 7-fold increase in the next... Read More »

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Do You Have Clean Data for…

When doing a strategic analysis, most firms either assume they have exactly the right data.  That is, these firms have... Read More »

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Information Gain based feature selection in…

We recently worked on a client engagement that included web data and other customer specific information. It was a propensity... Read More »

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Analytics at the American Red Cross

Since many of the most publicized examples of advanced analytics consider companies in the private sector, we don’t often think... Read More »

Book

Supply Chain Network Design

Applying Optimization and Analytics to the Global Supply Chain

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Hortonworks White Paper: The Rise of…

Recently Hortonworks published the attached white paper on how the advent of big data technologies have given rise to a... Read More »

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Case Study: Sears and Same Day…

Northwestern Professor and Partner at Opex Analytics, Diego Klabjan recently authored the following column on same-day delivery and its impact on... Read More »

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CSCMP’s Supply Chain Quarterly: Three…

We’ve recently published an article in CSCMP’s Supply Chain Quarterly on the three things that a supply chain manager should... Read More »

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5 Lessons from the Book …

I’ve recently read the book Scaling Up Excellence by Robert Sutton and Huggy Rao. ( Click here is you want a 14-minute... Read More »

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Three Ways the Supply Chain Wastes…

One of the important lessons from the analytics movement is that you should take advantage of the data you are... Read More »

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Modeling the Competition

When making strategic decisions, it is often important to understand what your competition is doing. I recently wrote a short... Read More »

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Why Small and Medium Businesses (SMBs)…

Fortune 500 companies are big enough, and have enough resources, to assemble and run their own internal analytics teams. In... Read More »

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A Prerequisite for On-time Analytics Projects

Needless to say, there can be no analytics project without data. A project starts by identifying data, cleansing it, performing... Read More »

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Spark and in-memory databases: Tachyon leading…

The biggest grunts about Hadoop is its batch processing focus and the fact that iterative algorithms cannot be written efficiently.... Read More »

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Just-In-Time and Lean Concepts in New…

JIT (or “Just-in-time” and later morphed into being called Lean) started out as part of Toyota’s manufacturing strategy where parts... Read More »

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Mixing real-time and batch data processing

Want to process real-time data? Web anyone? Or IoT or the industrial internet! You can fire spouts and bolts in... Read More »

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What Artificial Intelligence Research and Toyota’s…

Last week, the Wall Street Journal’s Review section ran a long article from Walter Isaacson on artificial intelligence.   The... Read More »

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More Proof that You Should Pay…

Today, I was watching the PSU-NU game on the Big Ten Network when an ad came on for Case New... Read More »

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Big Data does not mean you…

In all the hype around Big Data, it is often forgotten that you still need to spend time cleaning data... Read More »

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