Managing inventory is tricky when demand is all over the place. This is especially true for intermittent demand, where sales can spike or drop unexpectedly. This unpredictability can lead to lost sales or excess stock, both of which are costly. The key to handling this is finding the right inventory policy. To tackle this issue, a smart approach using Markov pro...

Denver's Museum of Nature & Science boasts 4.3 million items – a treasure trove of fossils, insects, and even bird nests! But here's the catch: the museum can't seem to keep track of them all. An audit revealed that over 2 million items haven't even been digitally cataloged! Imagine trying to find a single needle in a haystack the size of a football field – that's th...

So Jeep, the rugged outdoor brand known for its iconic Wrangler and Grand Cherokee models, is hitting the brakes on production. Hard. Stellantis, their parent company, has confirmed 'production adjustments' at multiple plants churning out these top-selling SUVs.