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SAP buys "stochastic" supply chain specialist SmartOps | Information Age

SAP buys "stochastic" supply chain specialist SmartOps | Information Age | Social Mercor | Scoop.it

Applications giant announces intention to acquire US company whose software applies algorithmic probability modeling to inventory planning.

 

German business software giant SAP has announced its intention to acquire SmartOps, a US-based supply chain optimisation software vendor.

SmartOps is a pioneer of the application of 'stochastic' probability modeling – which incorporates random, uncertain factors into probability calculations – to supply chain optimisation.

 

Its founder, Sridhar Tayur, is a professor of operations management at Carnegie Mellon University and is credited with "creating a market for inventory optimisation software". Tayur served as CEO of the company from its foundation in 2001 until last year.

SAP says that the combination of SmartOps's analytical algorithms with its HANA in-memory analytics platform would allow for "real time" supply chain management.

"SmartOps has developed large-scale, 'stochastic' algorithms that take the uncertainty and risk out of SCM processes," it says. "These algorithms use predictive analytics to help manage global distribution networks and vast, multi-stage supply chains.

"Such solutions would be significantly enhanced by SAP HANA, allowing for processing of high volumes of data in real time."

SAP already sells a demand signal management solution but says it will be "enhanced" by SmartOps's analytics software.

Privately-held SmartOps's customers include pharmaceutical giants Merck and Pfizer, and consumer goods maker Johnson&Johnson.


Via Ricard Lloria
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Leading Through The Power Of Persuasion & Storytelling

Leading Through The Power Of Persuasion & Storytelling | Social Mercor | Scoop.it
Taking part in the adventure of persuading others, sweeping them up into an idea, an unexpected action or an unproven vision, is a wonderful experience. The ability to create excitement all around you is what leadership is about.

 

Good grief -- I like some of what this article says but there is one glaring error: the confusion between persuasion and influence, particularly for leaders.

 

So what the heck is the difference between the two, why is it important, and what has it got to do with storytelling?

 

Well -- persuasion is getting someone to do something. Parents use persuasion all the time: "Finish your dinner or you won't get dessert." Or "Sit Fido and you'll get a treat!" Bosses use persuasion too: "Finish this report by X date or forget that promotion." We all use persuasion.

 

Influence however, is the power or capacity to cause an effect in indirect or intangible ways. Influence is more often 'showing' what needs to be done which then moves someone to take action -- hopefully in a desireable way.

 

There are many facets to influence including reciprocity, commitment, social proof and others (see Influence: The Psychology of Persuasion by R. Cialdini, 2006).

 

Leadership at the highest levels is about influence, not persuasion. Management is about persuasion. Confusing persuasion and influence creates leadership that can feel more like manipulation than willing participation.

 

Storytelling -- IMHO -- lies squarly in the camp of influence. And leaders definitely need to master storytelling as an way to both engage and influence.

 

The list this author has created for leaders to focus on to be persuasive is mostly all about influential qualities to imbue in a leader's storytelling. Except the first one -- threats and consequences. Outlining global consequences if an organization does not change can be part of an influential conversation. Threats, not so much. That's pure persuasion.

 

Go read the rest of the list and let me know what you think!

 

This review was written by Karen Dietz for her curated content on business storytelling at www.scoop.it/t/just-story-it ;


Via Karen Dietz
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