Can you imagine driving a car through a rain storm, without engaging the windshield wipers? Most of us wouldn’t dare try this. It is simply too dangerous. The performance capabilities of the car beneath us - be it a 20-year-old sedan or a brand new SUV – would matter less to us than whether the [...]
“EOQ”. These three letters invoke either a profound sense of nostalgia in the heart of the seasoned practitioner of Inventory Management, or a sense of fear and anxiety, especially among the newer converts to the Church of OM. (That’s OM, as in Operations Management…) Indeed, I have had a number of students in my OM [...]
A couple of years ago, I walked in to a new doctor’s office, and was amazed to find her using a Tablet PC. From it, she accessed my medical history, and into it quickly data-entered all of my current vital statistics, such as blood pressure, heart rates, and BMI. She even researched a couple of [...]
I was reminded of these classic lines from Rudyard Kipling when I came upon an article written in DC Velocity magazine. It discussed, in articulate fashion, the debate over the definitions of “inventory management” and “inventory control.” Oh, East is East, and West is West, and never the twain shall meet, Till Earth and Sky [...]
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