I recently went to a talk on Reinforcement Learning (RL) in my local .Net development group. I found the topic fascinating. For those not familiar with Reinforcement learning; it is a type of unsupervised machine learning where the algorithm uses real-world feedback over time to learn what to do. Instead of providing a set of …
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Many companies don’t yet optimize their Total Delivered Cost (TDC) in their Supply Chain. Total Delivered Cost is the real measure of how much money it takes for a company to manufacture and deliver a product. TDC gives you more accurate information than COGS, by giving you more details, and is based on the actual flow …
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Recently, I was out with some friends to check out a Chinese restaurant I had never been to before. As usual, I looked forward to getting my fortune cookie. My fortune was totally nonsensical as happens sometimes but my friend’s fortune read as follows: “Getting the right answers is only possible when you have asked …
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Over the years as a developer, I’ve written code in many languages and many environments. Currently, my preference (and most of my work) is all in Visual Studios and C#. I like the rich feature set of Visual Studios and find C# concise, easy to read and write and versatile enough to let me control …
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There’s no doubt that the Sales and Marketing side of a business can often seem like the ‘sexy’ side of the operation. Just picture a new car showroom with all of those shiny, glitzy vehicles just waiting for a test drive. But the supply chain that put those gleaming new cars in the showroom initially …
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The combination of Project Management and Teaching is how I got my start in Supply Chain. I had project management experience from my engineering career where I was designing, building, starting up and optimizing specialty chemical plants around the USA. In 2001, I was the Technical Manager for a plant in Charlotte, NC and I …
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The Business of improving a Supply Chain is a similar experience to digging a French drain. My 1730 New England farmhouse sits a bit downhill from my driveway, and when it rains hard, or for long periods, the water will follow the slope from this watershed and make its way into my cellar. I have …
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Do you need to use one of the big Supply Chain Management software packages to have a scalable solution that covers all your businesses and regions? Many of the larger software vendors insist that the answer is “Yes”. Their argument goes something like this: “Customized solutions may fit your business requirements and competitive advantage needs …
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In this case study, Profit Point’s client wanted to find a more automated and better way to create and maintain the production schedule across several batch reactors and schedulers. As a result, we engaged with the customer to design a production scheduling tool using Aspen Tech’s Aspen Plant SchedulerTM.
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Recently, I was reading the current issue of Cornell Engineering Magazine. In it, they had a profile of an alumnus named Howard Morgan. Mr. Morgan is a 1968 Ph.D. graduate of Cornell and a venture capitalist. You can read the article in Cornell Engineering Magazine here. One paragraph in particular struck me. It reads: “[Mr. …
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Profit Point uses proprietary mathematical optimization tools to model your supply chain and identify options that will drive improvement in key areas. We are the Supply Chain Network Optimization Experts.
According to a recent Wall Street Journal article, CFOs are cutting back on Excel Spreadsheets, because they have not kept up with the demands of contemporary corporate financial units. “The mood that prevails is that people are spending too much of their time importing and exporting and manipulating data. They want their employees to focus …
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