Unveiling the World’s First System of Intelligence
I was introduced to Stephen DeAngelis, founder of Enterra Solutions, LLC, a couple of years ago. He also appeared on our MasterSeries last year. It is great to see their progress over the years with the introduction of Enterra’s System of Intelligence. There have been lots of promising new technologies and systems that were introduced in the last couple of years, but this could be something that makes a difference. By combining AI and advanced management science, they are able to integrate advanced analytics with a business's data and knowledge to revolutionize how organizations make decisions.
The interesting part is the ability to autonomously scale optimization and data-driven decision-making across a company’s supply chain, empowering organizations to adapt swiftly to the ever-changing market landscape. Think of it as the brain of a company ingesting diverse datasets, business logic, and strategies to develop unique insights and generate autonomous recommendations at an incredible speed. What sets Enterra apart is its integration with established systems of record, mirroring the interaction between the decision-making brain and the action-taking central nervous system in the human body.
Another interesting aspect is the system's ability to learn from its successes and failures, storing this expertise in its Ontologies and knowledge bases to ensure continuous improvement in future insights and recommendations. The business war gaming function allows leaders to play out scenarios and evaluate alternatives. I think it is fair to say that Enterra is making huge strides in how companies can use information and systems to make better decisions in an increasingly complex and dynamic environment.
Port of Baltimore bridge collapse means more ships may be diverted to N.Y. and N.J. to help supply chain issues
CBS News: “Port of Baltimore bridge collapse means more ships may be diverted to N.Y. and N.J. to help supply chain issues,”
Supply chain snags cited as bankruptcy filings pile up
"Supply chain disruptions have a way of amplifying those issues, but they are seldom the only cause of it — unless something catastrophic happens, such as the loss of a critical supplier and the inability to find an alternative," Rudi Leuschner, associate professor of supply chain management at Rutgers University, said in an interview.
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Supply chain effects take time to show up on balance sheets and many companies have tried to use the legal system to resolve debt issues years after the pandemic-era supply shocks. The bullwhip effect, which describes small fluctuations in demand at the consumer level causing larger demand swings upstream in the supply chain, is one of the reasons for the trend, said Leuschner. Some businesses were also caught out while expanding and ended up with excess capacity after demand normalized as the pandemic receded.
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"A disruption that lasts a couple of weeks is unlikely to be a huge source of bankruptcies by itself," said Leuschner. "But all of these factors taken together could push it over the edge."
Companies Unveil Details About Supply-Chain Financing Under New Rule
The disclosures also help to convey the widespread use of these programs, which have gained in popularity over the past three years, particularly for companies seeking to preserve cash. “It’s probably normalizing because we don’t necessarily have that crisis mode,” said Rudi Leuschner, associate professor of supply-chain management at Rutgers University.
The disclosures could prove especially valuable to investors as recession fears continue to loom. A worsening economic outlook could limit companies’ ability to pay their suppliers, he said.
“If a company is seriously in trouble, having a larger amount outstanding that they still owe to their suppliers could raise the trigger point of a potential bankruptcy to a very high level,” Leuschner said. “It very quickly can devolve into a really bad situation.”
NJ Spotlight: Parents warned of scams as baby formula still hard to find
starting at 12:28:
https://www.njspotlightnews.org/video/nj-spotlight-news-december-8-2022/
NJ Spotlight: House votes to stop rail strike, compel labor agreement
See 5:00 minutes into the clip
https://www.njspotlightnews.org/video/nj-spotlight-news-november-30-2022/
CBS News New York: Struggle to find baby formula continues in Tri-State Area months after peak of shortage
“Rudolf Leuschner, an associate professor of supply chain management at Rutgers Business School, likens that plant shutdown to draining 40% of the water from a river.
"It came back online and they're producing again, but again, you have to start filling up that river with water. So it's not going to be like, 'OK, we start producing, everybody's happy and everybody can find everything.' It's going to take just as long as it took to wind down, if not longer," he said.
The professor predicts a slow, painful recovery from this shortage, saying it could take several more months to return to normalcy on the formula aisle.”
https://www.cbsnews.com/newyork/news/baby-formula-shortage-new-jersey/
Advisory Board: 'It's a crisis': What's next in the baby formula shortage?
"Some industries are very good at ramping up and ramping down," said Rudi Leuschner, an associate professor of supply chain management at Rutgers Business School. "You flip a switch and they can produce 10 times as much. Baby formula is not that type of a product."
ABC (Australia): Why is there a baby formula shortage in America? The supply chain and contamination calamity that left parents scrambling
"Usually with baby formula, it is one of those products that is fairly stable in demand, it doesn't change much, there's no seasonality," said Rudi Leuschner, an associate professor at Rutgers Business School.
"So the supply chain was made to go with one speed and one speed only."