Blockchain is a decentralized digital archive that records all transactions across a peer to peer network. Blockchain technology allows for participants to conﬁrm transactions without the need for a central authorization. Whenever a user requests a transaction in a blockchain environment, it is broadcasted to a peer to peer network of nodes. These nodes are responsible for validating the transactions. Once validated, these transactions are added to the existing blockchain making them permanent and unchangeable, making the transaction complete. There are several advantages to this technology.
The Edge Blog: Insights on business transformation, practical applications and everything in between
Aftermarket sales and services is a high margin business. Hence the competition is huge and there are wide range of players and service offerings involved. These services include spare parts, maintenance and installation, consulting, training and technical support provided by OEMs, dealers, and third-party suppliers. Customers tend to prefer brands and products that have good aftermarket support and services.
According to Statista, the US automotive aftermarket sales have increased by 36% while the vehicle sales grew by only 12% approximately in the last decade.
By Larry Ouyang
Dashboards have been used as a major tool in tracking operational performance with Key Performance Indicators (KPIs) displayed and highlighted on them. With the integration of visual tools, such as Tableau, to the network optimization engine, additional improvements have been incorporated into dashboard development. These improvements visually improve the ease and efficiency of network modeling. Some key benefits include using a dashboard in network optimization are:
By Anand Chandrasekhar
PEORIA - Over the last few years, crowdsourcing has been gaining popularity in several fields, especially to gather new ideas for building new products/services or to enhance existing ones. This could be an extremely powerful way to continuously nurture innovation, enable growth, and excel in business.
Some organizations use fancy crowdsourcing applications at the front end of their enterprise to gather ideas from various sources, but often fail to manage them down the line. Unless such applications are seamlessly integrated into a ‘single’ enterprise portfolio, project management & governance solution, even the brightest idea will fail to evolve and deliver.
Many diﬀerent factors trigger variations in demand. Poor forecasting, change in demand of substitute products, expectation of customers (shift in customers’ preference), price at global level, increase in number of customers, change in government regulations, technology improvements are some among them. OEM's strive hard to react to unprecedented growth in demand and try to reduce the gap in demand and supply. Demand variability could be radical, it is interesting to see how the supply chains reacts when there is an upsurge. This will help the entire supply chain (OEM’s, suppliers) to reduce cost and increase revenues, hold the market share and customer satisfaction.