The New Science of Retailing: How Analytics Are Transforming the Supply Chain and Improving Performance June 14, 2010Posted by McGraw-Hill Education (Asia) in Highlights, Management & Organization.
Tags: Ananth Raman, Assortment Planning, case studies, customer, discounting, end-to-end agility, forecasting, Harvard Business Press, Harvard Business School, How Analytics Are Transforming the Supply Chain and Improving Performance, Incentives, Information, inventory, loyalty cards, Marshall Fisher, objectives, overstock, playbook, point-of-sale, pricing strategies, Product Life Cycle, products, profit margins, Reinvent, Retail Valuation, Retailers, sales data, scanners, stock-outs, supply chain, Technological Risk, technologies, The New Science of Retailing, Wharton School of the University of Pennsylvania
The New Science of Retailing
How Analytics Are Transforming the Supply Chain and Improving Performance
Retailers today are drowning in data but lacking in insight: They have huge volumes of information at their disposal. But they’re unsure of how to sort through it and use it to make smart decisions. The result? They’re struggling with profit-sapping supply chain problems including stock-outs, overstock, and discounting.
It doesn’t have to be that way. In The New Science of Retailing, supply chain experts Marshall Fisher and Ananth Raman explain how to use analytics to better manage your inventory for faster turns, fewer discounted offerings, and fatter profit margins.
Featuring case studies of retailing exemplars from around the world, this practical new book shows you how to:
- Mine your sales data to identify “homerun” products you’re missing
- Reinvent your forecasting and pricing strategies
- Build end-to-end agility into your supply chain
- Establish incentives that align your supply chain partners behind shared objectives
- Extract maximum value from technologies such as point-of-sale scanners and customer loyalty cards
Highly readable and compelling, The New Science of Retailing is your playbook for turning all that data into a wellspring for new profits and unprecedented efficiency.
About the Authors
Marshall Fisher is the UPS Professor of Operations and Information Management at the Wharton School of the University of Pennsylvania and co-director of the Fishman-Davidson Center for Service and Operations Management. He lives in Philadelphia.
Ananth Raman is UPS Foundation Professor of Business Administration at Harvard Business School in Boston, specifically Professor in the Technology and Operations Management unit, specializing in supply chain management. He lives in the Boston area
Tags: at-a-glance aids, budget, Business, case studies, China, economy, engineer, engineering manager, formulas, GE, General Electric, glossary, Hungary, improve quality, increase efficiencies, investment, Lean Six Sigma, Managers, manufacturing, math, Microsoft Excel, money, Organizations, overhead cost, plant manager, quick tips, Six Sigma, Six Sigma on a Budget, solve problems, Southern Illinois University Carbondale, statistics, Statistics for Six Sigma, time, U.S., University of Bridgeport School of Engineering, University of Wisconsin-Madison, Warren Brusse
Six Sigma on a Budget
Achieving More with Less Using the Principles of Six Sigma
All the value of six sigma–Immediate results now available without the overhead!
In today’s economy, organizations need to improve quality, solve problems, and increase efficiencies on the fly—and Six Sigma has proven its worth to large and small companies around the world in all these areas. Written by a leading Six Sigma expert, Warren Brussee, Six Sigma on a Budget explains how you can use the principles of Six Sigma to see immediate results–all without expensive consultants or disruptive classes.
Exclusive features of Six Sigma on a Budget:
- Written in plain English, it delivers huge benefits to anyone who’s learned high school math and Microsoft Excel
- Can be implemented by managers or individuals without additional staff—in virtually any type of business
- Teaches all Six Sigma and Lean Six Sigma skills to give you knowledge equivalent to a traditionally trained Six Sigma green belt
- Includes case studies, formulas, glossary, quick tips, and other at-a-glance aids
From the basics to more advanced strategies, the invaluable skills in Six Sigma on a Budget help you get great results with a limited investment of time and money
About the Author
Warren Brussee spent 33 years at GE as an engineer, plant manager, and engineering manager. His responsibilities included manufacturing plants in the U.S., Hungary, and China. He received his Six Sigma training at GE, but found the training and the related manuals wanting. Warren then began teaching a simplified version of Six Sigma at GE and eventually wrote several books on Six Sigma.
Warren Brussee’s current Six Sigma books, Statistics for Six Sigma Made Easy and All About Six Sigma, both published by McGraw-Hill, have sold over 50,000 copies and continue to sell well. Many universities use Statistics for Six Sigma Made Easy as their primary text for teaching Six Sigma. Three such schools are: The University of Wisconsin-Madison, University of Bridgeport School of Engineering, and Southern Illinois University Carbondale.
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