Machine Learning’s Time has Come

The use of machine learning in supply chain management has been the subject of much hype. Has its time finally arrived? A recent Wall Street Journal article profiled The Absolut Company, makers of Absolut Vodka, the world’s largest locally produced vodka, manufactured in the small town of Åhus, Sweden. The operation produces 11.5 million nine-liter…

Improve Your Decision Making with Better Models

Would your life be easier if the financial information provided by your accountants exactly reflected your operations and supported your decision needs?  Of course it would! Have you struggled with your finance and accounting department to get the budget and funding for critical operations or significant improvements?   The language of money is a common denominator for…

The Perils of Poor Accounting Information

Managers often utilize information provided by their organizations’ accountants when making decisions. Yet frequently, this information is of poor quality or inappropriate to the decision being made. This can result in lost profits or, in the extreme, the failure of the organization. Tremendous changes have taken place in the business environment during the past fifty…