An optimization model does the same; it calculates the decisions based on the stated preferences and constraints in the model. That can sometimes have the inadvertent effect of finding new pathways, a road less, if ever, traveled.
Naturally, supply chain optimization in supply planning can feel counterintuitive. Here’s why you should combat that feeling to create the best plan possible.
In recent webinars and presentations, I have been talking about Early Warning Systems within the context of supply chains. The news story above made me think of several examples where a supply chain would use similar concepts to develop early warning metrics.
In this guest blog series titled: “Memoirs of a Black Belt,” Stephen Boyd a Lean Six Sigma Black Belt and 30-year supply chain veteran, shares his insights on achieving higher levels of performance using data from existing systems. All opinions expressed in guest authors may not reflect Arkieva’s view on the subject.
Artificial Intelligence (AI) has been making its rounds in world news for the last few years. With considerable advancements in the field, the concept of AI has garnered its share of fans and critics alike. While many believe AI is the next step in the industrial revolution with its potential for complete automation and an
In my role as the Director of Analytics, I enjoy working with the Arkieva team and our clients, in building optimization models which help organizations make intelligent decisions with regards to meeting demand, capacity allocation, inventory levels, factory schedules, forecasting, and cancer research. These models are built using a variety of mathematical methods including Boolean
Setting up a supply chain performance measurement system? Here are 5 things to know
How does Walmart’s new supplier delivery policy affect suppliers? Here’s a take from Arkieva CEO on how suppliers can respond to market variability as a result of the policy change.
Pop Quiz: What does a workout and the software selection process have in common? Answer: They both often require breaking a sweat. I hate to admit this, but often I find myself trying new workout routines as a result of commercials I’ve viewed on television. I’d rather not get into the embarrassing details that made
With the advent of Bitcoin in 2009, cryptocurrency has taken the world by storm. The use of digital assets as an alternative to conventional currencies has garnered praise and recognition for its secure and speedy protocols. While the infrastructural flexibility of crypto currencies is yet to stand the test of time, block chains, the underlying technology for crypto currencies is truly a revolutionary step in the field of technology. Companies such as the Swiss Stock Exchange, IBM and Deloitte have already begun implementing block chains into their technology to define transactions and improve security and transparency.