On this installment of Real Bites, Philip Higginbotham discusses how making assumptions in decision-making can lead to infeasibilities and errors.

In today's fast-paced business world, companies are constantly looking for ways to optimize their operations and increase efficiency. One way they do this is by utilizing technology to model their business processes, which allows them to make data-driven decisions that can have a significant impact on their bottom line. However, when using a template model, businesses may run into constraints that cannot be explicitly represented in the pre-defined system.For example, imagine a mining company that needs to get its product out of ports and into the hands of customers.

The ports have specific constraints such as certain-sized ships only being able to enter certain-sized docks. If these constraints are not represented explicitly in the technology being used, the company may receive unrealistic answers that could negatively impact its operations.

This is where RiverLogic comes in. Their technology provides businesses with five cost buckets and the ability to represent unique constraints specific to each individual enterprise explicitly. This allows decision-makers to better understand how these constraints affect their operational decisions because they can see them clearly. RiverLogic's approach is similar to what we see in other industries such as aviation and construction where safety procedures are highly regulated due to potential life-threatening consequences if not followed correctly. In these industries, any process or decision must be backed up with concrete data before implementation. Another real-world scenario where RiverLogic's technology could prove invaluable is in manufacturing train cars or other complex equipment.

The last step before delivery often involves painting the product which requires precise measurements of dimensions such as length or height so that it can fit through an automated painting assembly line without getting stuck or causing any damage. However, if one person was responsible for making all of the decisions regarding car placement for painting locations based on size limitations and then retires without sharing this knowledge with anyone else within the organization - it could cause significant problems down the road. By utilizing RiverLogic's modeling system which represents all relevant information explicitly within its software program (including size limitations), businesses can ensure that they are making informed decisions with the most up-to-date information available. This can help them stay ahead of their competition, increase efficiency, and ultimately save money.

In conclusion, it's clear that RiverLogic's technology provides a unique solution to an age-old problem in business - how to make data-driven decisions with all relevant information explicitly represented. Because their software allows for custom inputs and constraints, businesses can now optimize their operations while avoiding unrealistic answers that could negatively affect their bottom line. Whether you're in the mining industry or manufacturing complex products like train cars - RiverLogic could be a game-changer for your business operations.

With the shortages caused by COVID-19, you have likely heard about and know what a supply chain is. But what about a value chain? A supply chain is typically more of the parts and materials location of manufacturing, and transportation of a product, whereas the value chain incorporates product design, R&D, advertising, and marketing, according to Business News Daily.

What types of companies assist in managing the value chain for other businesses and how do they go about this?

On today’s episode of RiverLogic, podcast Host Tyler Kern speaks with Carlos Centurion, President at River Logic, Inc., to talk about what River Logic does in the value chain industry and how they offer value to businesses.

Kern and Centurion also discussed…

• What makes River Logic different from other companies in the same sector
• The different industries River Logic serves and the types of businesses they work with
• How the value of River Logic can be quantified by businesses

Centurion explained what services traditional value chain companies offer compared to River Logic. “River Logic is unique in the sense that most other solutions that you’ll find in the market are really designed for just a piece of that value chain, right? Some are logistics, some are manufacturing, some maybe cover manufacturing and logistics. Some are all about demand, but they don’t cover the supply chain. Some are all about procurement, but they don’t look downstream from procurement. So, we’re unique in that we can look end to end and everything that we do is translated into our financial outcome in the sense that we actually cover gap accounting.”

Centurion is President of River Logic, Inc. and has previously served as Management Consultant for McKinsey & Company and 2nd Lieutenant Officer for the Air Force – Paraguayan Military. Centurion earned a BA in Economics and Finance from Wake Forest University and an MBA from INSEAD. Centurion is a skilled business strategist and management consultant.

With the shortages caused by COVID-19, you have likely heard about and know what a supply chain is. But what about a value chain? A supply chain is typically more of the parts and materials location of manufacturing and transportation of a product, whereas the value chain incorporates product design, R&D, advertising, and marketing, according to Business News Daily.

What types of companies assist in managing the value chain for other businesses and how do they go about this?

On today’s episode of RiverLogic, podcast Host Tyler Kern speaks with Carlos Centurion, President at River Logic, Inc., to talk about what River Logic does in the value chain industry and how they offer value to businesses.

Kern and Centurion also discussed…

• What makes River Logic different from other companies in the same sector
• The different industries River Logic serves and the types of businesses they work with
• How the value of River Logic can be quantified by businesses

Centurion explained what services traditional value chain companies offer compared to River Logic. “River Logic is unique in the sense that most other solutions that you’ll find in the market are really designed for just a piece of that value chain, right? Some are logistics, some are manufacturing, some maybe cover manufacturing and logistics. Some are all about demand, but they don’t cover the supply chain. Some are all about procurement, but they don’t look downstream from procurement. So, we’re unique in that we can look end to end and everything that we do is translated into our financial outcome in the sense that we actually cover gap accounting.”

Centurion is President of River Logic, Inc. and has previously served as Management Consultant for McKinsey & Company and 2nd Lieutenant Officer for the Air Force – Paraguayan Military. Centurion earned a BA in Economics and Finance from Wake Forest University and an MBA from INSEAD. Centurion is a skilled business strategist and management consultant.

With the shortages caused by COVID-19, you have likely heard about and know what a supply chain is. But what about a value chain? A supply chain is typically more of the parts and materials location of manufacturing and transportation of a product, whereas the value chain incorporates product design, R&D, advertising, and marketing, according to Business News Daily.

What types of companies assist in managing the value chain for other businesses and how do they go about this?

On today’s episode of RiverLogic, podcast Host Tyler Kern speaks with Carlos Centurion, President at River Logic, Inc., to talk about what River Logic does in the value chain industry and how they offer value to businesses.

Kern and Centurion also discussed…

• What makes River Logic different from other companies in the same sector
• The different industries River Logic serves and the types of businesses they work with
• How the value of River Logic can be quantified by businesses

Centurion explained what services traditional value chain companies offer compared to River Logic. “River Logic is unique in the sense that most other solutions that you’ll find in the market are really designed for just a piece of that value chain, right? Some are logistics, some are manufacturing, some maybe cover manufacturing and logistics. Some are all about demand, but they don’t cover the supply chain. Some are all about procurement, but they don’t look downstream from procurement. So, we’re unique in that we can look end to end and everything that we do is translated into our financial outcome in the sense that we actually cover gap accounting.”

Centurion is President of River Logic, Inc. and has previously served as Management Consultant for McKinsey & Company and 2nd Lieutenant Officer for the Air Force – Paraguayan Military. Centurion earned a BA in Economics and Finance from Wake Forest University and an MBA from INSEAD. Centurion is a skilled business strategist and management consultant.