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Lean Inventories Will Make You Pay

Over the years, I've been a proponent of many tenets of lean manufacturing. But there's one lean principle I just don't buy: lean inventories. Carrying inventory is the cost of doing business, I believe. A business spends working capital on stock so that …
Over the years, I've been a proponent of many tenets of lean manufacturing. But there's one lean principle I just don't buy: lean inventories. Carrying inventory is the cost of do… http://www.gildevents.gilcommunity.com/discussion/lean-inventories-will-make-you-pay/

‘Big Data’ as a Strategic Resource

A recent article published by McKinsey and Co. (www.mckinseyquarterly.com) explores the emerging use of what it calls “Big Data” as a strategic resource for enhanced competitiveness. The article cites a retailer using point-of-sale data plus tight links w…
A recent article published by McKinsey and Co. (www.mckinseyquarterly.com) explores the emerging use of what it calls “Big Data” as a strategic resource for enhanced c… http://www.gildevents.gilcommunity.com/blog/big-data-strategic-resource/

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