The quick movement
of product across an assembly line reduces cost and price of many items. The Information
Revolution has accomplished more economies of scale driven by data analysis.
Collecting real time data on the moving line and by employing time studies component
positioning to improve overall efficiencies. Continuing the data gathering and
analysis to better coordinate distribution channels and achieve just on time
deliveries, to warehouses and stockrooms. While recording all financial
transactions, linked to procurement, manufacturing, distribution and personnel,
activities. The current economic Revolution or Disruption is led by this
efficiency, piloted by smart phones and other devices, constantly sending and
receiving data.
The mission is clear,
attainable and measurable, to quickly respond to any situation and achieve the
desired results. The hardware, cameras barcode readers, and software, point of
sales accounting, are fast and accurate, with a few keystrokes multiple tasks
are accomplished. The vast quantity of data collected is processed in fractions
of a second and sent securely across long distances to decision-makers.
Decisions, which are documented in the Strategic Plan, directs responses to a
full range of variances to the current data analysis. Trusted accurate dynamic data
powers and guides purchasing, inventory levels, personnel deployment, record
sales, investment and other key decisions.
Data sourced from
actual activities is the best true method of gathering raw facts and figures,
when trained and experienced researchers are in the field observing and noting.
Facts and Figures presented graphically, with disclaimers on and about the
methodology used and commented on by specialists are simply expert opinions. Expert
Opinions, by persons with multiple credentials after their names and at a high
cost, are open to rebut from other experts. Questioning the underlying facts,
the environmental effects, the personnel employed, and, of course, the
motivation behind such results, are standard criticisms in moving intelligence
into knowledge. Noting that, Knowledge is fixed Intelligence. Intelligence
which has withstood the test of time, survived numerous challenges and is now
widely accepted as factual.
An example of
dynamic data: Each customer at checkout, with or without a loyalty card, is
assigned a date, time, identification code and each item purchased is
inventoried. Data collected over the past ten years from customers in this
fashion, indicates an average spend of $100 at checkout. Analysis of this raw
data show the percentage increase in average spend year over year. Such
Information is further tested against the percentage increase of each inventory
item annual price, to calculate if price increases are causing the average
customer to spend more or if they are encouraged to buy more stuff. This Intelligence,
which is constantly changing, helps decision-makers adjust their strategies to achieve
the desired results.
Rationale
T.A.J
& Associates Company Limited
uses this occasion to comment on topics that have been covered, both academically
and by the mainstream media, to add its opinion and point out investment
opportunity, not to invoke any social action.
