Analytics
the science of logical analysis - the analysis of data - the information gathered from the analysis of data
What is Analytics
is a strategy for reducing per-unit shipping costs by pooling shipments from multiple sources
What is collaboration?
is used to determine how independent variable values impact a particular dependent variable under a given set of assumptions
What is sensitivity analysis?
The flow of materials, information and finances as products move within a network of manufacturers and others
What is supply chain
The Postal Service sets a limited number of high-priority objectives to advance its goals and publishes them yearly in this document
What is the Annual Performance Plan
provides executives with a comprehensive framework that translates a company’s vision and strategy into a coherent set of performance metrics
What is the balanced scorecard?
a single identical display of relevant (operational) information shared by more than one function
The chance that a given event will occur
What is probability?
It tracks the percentage of orders that are returned and need to be restocked and points to potential problems with the supply chain
Why are return rates valuable to a supply chain manager?
a statistical analysis tool for evaluating the mathematical relationship between variables
What is regression analysis?
the percent of one variable which can be predicted as a linear function of the other
What is R2?
The weight of an automobile and gas mileage are an example of this
What is a negative correlation?
Inventory DOH, Lead time and Holding Costs
What are USPS KPI's?
the concept that money available in the present is worth more than the same amount of money in the future
What is time value of money?
is the process by which an organization plans to market and sell its products or services
What is revenue generation?
this picture is an example of this curve
What is a normal curve
What is likely to happen is answered by this type of analytics
What is predictive analytics?
Because it can incentize a team to ignore quality and speed
Why is cost cutting a dangerous tool when used on its own?