Software to fine-tune inventories
Another BusinessWeek article (yes, I am biased in my reading).
Liked it because it combines all my favourite topics:
The solution - using databases, statistical models, and forecasts - reminded me of a 2nd year elective at IIM Lucknow called 'Quantitative models in transportation and telecomunication' (no prizes for guessing that I didn't do well in that particular course!) taught by a gentleman named Prof. Y K Agarwal.
This one's for Prof. YKA!
Liked it because it combines all my favourite topics:
- A business problem - in this case, the amount of all the different types (40,000 in this case!) of spare parts to be held in inventory.
- A technology solution - powerful software with algorithms that will do this for you!
The solution - using databases, statistical models, and forecasts - reminded me of a 2nd year elective at IIM Lucknow called 'Quantitative models in transportation and telecomunication' (no prizes for guessing that I didn't do well in that particular course!) taught by a gentleman named Prof. Y K Agarwal.
This one's for Prof. YKA!
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mm1229
By mmjiaxin, at 8:33 AM
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