"Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway," wrote Geoffrey Moore, author of Crossing the Chasm. Certainly, many CFOs, and not just those with web-based businesses, would wholeheartedly agree: Data are the sensory information produced by a business that has its eyes and ears on operations and customers.
Do companies recognize the importance of supply chain more today than they did 10 years ago? Have they become more sophisticated in their supply chain thinking over that period? The Supply Chain Management Institute at the University of Wisconsin-Milwaukee's Lubar School of Business set out to answer those questions.
North P&I Club is subsidizing the cost of an online seafarer evaluation program, part of a loss prevention effort that targets "officer quality and culture."
The ability to monitor the behavior and condition of one's suppliers depends on having access to hard numbers. But a surprisingly large percentage of companies lack this critical data.