tag:blogger.com,1999:blog-8524473291243543202012-01-04T21:07:27.753-05:00Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.comBlogger61100tag:blogger.com,1999:blog-852447329124354320.post-59606217732812858902009-12-02T21:28:00.000-05:002009-12-02T21:28:11.159-05:00

You probably have experienced that sometimes certain decisions (personal or business) are based on yours or someone’s subjective opinion rather than factual empirical evidence. When you decide to work off an opinion you are technically taking a chance. The probability of success in this case is 50%. A way to increase this probability is by means of “an educated guess”. If you have done your due

Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.com1tag:blogger.com,1999:blog-852447329124354320.post-89312294270462873482009-11-02T21:15:00.006-05:002009-11-29T12:58:48.739-05:00

The Great Recession that started in 2007 is “very likely over at this point” claimed Federal Reserve Chairman Ben Bernanke during his address at The Brookings Institution.  (Refer to his address to The Brookings Institution on Tuesday, September 15, 2009). When I started my previous post on the lessons I have learned from this recession, I dwelled on the fact that the recession was affecting

Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.com0tag:blogger.com,1999:blog-852447329124354320.post-38866716784625464452009-10-13T21:05:00.001-04:002009-10-13T21:06:28.890-04:00

According to Wikipedia; “The US entered a recession at the end of 2007, and 2008 saw many other nations follow suit.” Many economists believe that the recession that started in late 2007 in the US was a direct consequence of (a) the Housing Market Correction and (b) the Subprime Mortgage Crisis. What followed was a very difficult operating environment for many businesses that depended on banks

Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.com2tag:blogger.com,1999:blog-852447329124354320.post-11038665036434291512009-09-06T09:23:00.052-04:002009-09-11T21:45:54.099-04:00

As a kid growing up in New Delhi, I remember that every Saturday morning at around 10am we had a vegetable hawker come by our house. He would bring every vegetable my mother wanted. He would always have sufficient quantity and the right quality.The hawker was the supplier for our street which probably had close to 30-35 families.When I think about it now a few things jump out at me: (1) The

Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.com2tag:blogger.com,1999:blog-852447329124354320.post-15436663298487520902009-08-18T12:18:00.043-04:002009-09-06T19:20:41.241-04:00

Have you ever wondered about how small things that we do on a daily basis can impact the supply chain of products?Here is an interesting example for you:Often times when I forget to bring lunch from home, I run to the vending machine down the hall to grab something quick. To my dismay, a majority of the items in the machine are things that I don’t really want! But, since I am pressed for time and

Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.com2tag:blogger.com,1999:blog-852447329124354320.post-56267438916350585432009-08-09T09:34:00.026-04:002009-08-09T15:41:21.560-04:00

I remember when I was first introduced to this term during a Supply Chain/Operations class at the University of Wisconsin - Madison. It sounded unusual. It makes you think - "What could be the relationship between bull whips and Ford car sales?".Wikipedia defines it as follows:"The Bullwhip Effect (or Whiplash Effect) is an observed phenomenon in forecast-driven distribution channels. The concept

Interlocutorhttp://www.blogger.com/profile/02472655290401942587noreply@blogger.com1