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Artificial Intelligence (AI) applications are pervading logistics and supply chain management. The widespread availability of data, combined with sustained improvements in computing power, provide new opportunities to improve supply chain decision-making. Data may originate from digital...
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The financial services industry covers banks, insurance companies and investment managers, as well as transaction or message processing companies. To streamline billions of daily transactions, lean principles and operational excellence programs have found theirway to financial service firms....
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We investigate near-shoring a small part of the global production to local \emph{SpeedFactories} that serve only the variable demand. The short lead time of the responsive SpeedFactory reduces the risk of making large volumes in advance, yet it does not involve a complete re-shoring of demand....
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We study an inventory model with volume flexibility. A firm may replenish its inventory by using its base capacity at regular sourcing cost, after which additional supply is available at a premium. The structure of the optimal replenishment policy is known to be a modified base-stock policy, yet...
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The integration of digital technologies is changing the way organizations operate and deliver value. Digitizing operations may replace manual work through increased automation, but it may also enable smarter execution of workflows thereby augmenting human work. Evaluating the level and reach of...
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