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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Tag Archives: Supply Chain Improvement
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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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 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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Tardigrades, which are often called water bears, are nearly microscopic. Although they are usually water dwelling creatures, they can be found in Antarctic ice, ocean depths of 14,000 feet and in the Himalayas at a height of 20,000 ft. They can survive just about anywhere, including outer space. Fossils of tardigrades have been found in …
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There are many production scheduling tools available commercially. Some are more tailored to specific environments (such as a specific type of manufacturing) while others are applicable to a wide range of applications. When we talk about Advanced Production Scheduling Tools, there are certain characteristics that we have in mind including the following: 1) Both materials …
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Sometimes the answer to “How difficult can it be?” is more difficult than you were prepared for! Okay, I have the Network Optimization Software…Now what? They didn’t tell me how many different choices I’d have to make to put this thing together. Assembling your optimal supply chain starts with modeling your supply chain. It’s important …
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For decades, companies have tried and failed at supply chain software implementation that meet tangible business objectives. Supply chain software must be implemented in an iterative approach to deliver the right value to your processes, schedule, and bottom line. Profit Point’s white paper on Agile Supply Chain Software Implementation details: • Why traditional supply chain …
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I just finished a book on the swirling times we are in, called Thank you for Being Late by Thomas L. Friedman. In it Mr. Friedman pauses to reflect on the forces currently reshaping our world. With the tumultuous, confusing, threatening, forces of advances in technology, (due to Moore’s Law), Globalization of the Market, and Climate …
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Profit Point has helped large and small companies to squeeze more profit from their planning, tactical and operational processes with consulting services and technology tools customized from our suite of existing applications.
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In this case study, our client wanted to optimize the supply chain from the purchase of raw milk from the farms through to the delivery of finished goods to its retail customers. We engaged with the customer in a two-phased project to first optimize the raw milk procurement/manufacturing footprint and then to determine the optimal national distribution network for the future.
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