Thanks to Pulse for this piece by Morris Cohen of the Wharton School. it appears in their Harvard Business Review section.
He explains how big data and tracking everything will make for a revolution in supply chain inventory management.
Inventory Management in the Age of Big Data – http://pulse.me/s/4fogTZ
McKinsey has written a thoughtful piece on some of the important ideas how about bringing digital to your company. I was especially interested by the two-part approach. You may need one skill for rapid development of customer-facing ideas and a different one for legacy backroom systems that emphasize security and solid business practice.
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McKinsey’s take on measuring productivity of R&D. This is a very contentious area, and many have criticized companies for spending too much or too little on R&D. It’s largely based on hypotheticals however, because it is hard to guess what a project is going to contribute. And it’s worse at small innovative enterprises, which are mostly R&D, because there is little info on what the impact of new products will be. The formula would seem to work well at Clayton Christensen’s large stable companies which are simply innovating to please a large group of present and demanding customers, rather than disrupt through spectacular new innovation to gather new customers. Still, it’s good reading and extends the thinking in this area.
Posted in Advanced Computing, Managerial Econ, Production Operations
Tagged innovation, r&d, research
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