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The New Frontier of Price Optimization

Identifying the optimal prices for products was once a time-consuming process. That’s changing as businesses start to take advantage of advances in machine learning, increases in computing speed, and greater availability of data. Read more here.

Webinar

Use machine learning techniques to estimate historical lost sales and predict future demand of new items Join Professor David Simchi-Levi from MIT and the Oracle Retail Science Team on September 27th for: An introduction to the partnerships between Oracle Retail and highly regarded and prestigious universities such as MIT A deep dive on a novel…

Caterpillar’s All-Seeing Sensors Steady Profit in Downturn

Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown. Sales at the world’s biggest machinery producer have declined in the past three years as its customers cut back on drilling, mining and building. But all the while, one of the company’s key gauges of profitability — gross margin — has…

The New Frontier in Pricing Optimization Webinar

On May 4, 2016, MIT Sloan Professor David Simchi-Levi presented The New Frontier in Pricing Optimization, to 1400 attendees of the MIT Sloan Executive Education webinar. He discussed recent breakthroughs in the development of models that combine “machine learning” and optimization for pricing that significantly improve revenue and reduce inventory risks. You can also download…

Complimentary Live Webinar with Prof. Simchi-Levi

The New Frontier in Price Optimization Retail is fast evolving into a complex multi-channel highly competitive environment. Sellers are faced with various business constraints, including the inability to conduct extensive experimentation, limited inventory, and high demand uncertainty. These companies are already lean so there is not much room to cut costs. So how can retailers…

Top 10 US Supply Chain Schools of 2016

Every year, SCM World surveys hundreds of supply chain executives to find out which universities they consider the best at producing graduates with practical, as opposed to philosophical, approaches to supply chain management. The result is a list of the top schools for supply chain talent. This year’s list includes opinions from 2,300 supply chain…

One-on-One with Prof. Simchi-Levi

SCN: In the Accenture MIT Alliance in Business Analytics research paper “Linking Analytics to High Performance,” you say high performing companies “do analytics differently.” Please explain how their approach is “different.” DSL: Our study found clear and definable differences between companies that are truly data driven and those that either have not been successful in…

A New Approach to Manage Supply Chain Risk

What risks could disrupt your firm’s supply chain and dramatically affect the bottom line? Firms in all industries are exposed to a variety of low-probability/high-impact risks that have the potential to disrupt operations and significantly damage the business. These risks are difficult to predict and quantify—and therefore are extremely difficult to manage. As a result,…

You Can’t Understand China’s Slowdown Without Understanding Supply Chains

The last few weeks have brought news of turmoil in China, including currency devaluations, an economic slowdown, and a stock market plunge. Most economists, including those at the the IMF, think it is premature to talk about an economic crisis. While I agree, I nonetheless believe that the slowdown is due, in part, to an…

Risk Survey Launched

2015 Global Risk Maturity Survey launched MIT Forum for Supply Chain Innovation and Infosys Global Risk Advisory Group survey aims to better understand how industry perceives risk and challenges. This week, as part of its research, the MIT Forum and Infosys Global Risk Advisory Group released the 2015 Global Risk Maturity Survey, specifically to the…

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