Two Simple Examples to Help You Understand How Supply Chain Optimization Algorithms Work.

I work with clients that utilize our supply chain optimization software to maximize their resources. In my upcoming webinar “Should I Optimize My Supply Chain Planning?” I’ll dive deeper into the concepts of supply chain optimization and show examples of when it’s ideal to optimize and when it’s less ideal. In today’s blog post, I’d like to simplify this concept by looking at some basic equations and scenarios to explain how “solvers” or supply chain optimization algorithms work.

By |2019-04-13T23:09:07-04:00April 4th, 2018|Supply Chain, Supply Chain Optimization|0 Comments

Want to Align Projected & Actual Cost Savings for Supply Chain Improvement Initiatives? Here’s How.

A manager once told me that if you add up all the supply chain cost savings projected by various supply chain improvement initiatives over the years, you would have enough money to buy the company five times over. No wonder management is skeptical of benefits offered by improved supply chain planning.

By |2019-04-13T23:09:10-04:00February 16th, 2018|Supply Chain|0 Comments

5 Key Supply Chain Efficiency Assessment Areas for 2018

If you are looking to improve your supply chain management systems in 2018, you most likely have asked the common question: How do I assess my current efficiency? This is a good starting point for anyone looking to add functionality or identify loopholes within current processes. There is no single perfect method that meets all needs and has no flaws. However, the good news is, supply chain assessments have proven to be very advantageous for many businesses.

By |2019-04-13T23:09:16-04:00January 16th, 2018|Supply Chain, Supply Chain Optimization|0 Comments

Don’t be a Supply Chain Innovation Grinch

A holiday Christmas story and adaptation of Dr. Seuss’ “How the Grinch Stole Christmas!” Every Manufacturer Down in Manufacturingville liked innovation a lot… Except for the Grinch, who worked north of Manufacturingville The Grinch hated innovation! The whole innovation Season! Now, please don’t ask why. No one quite knows the reason. It could be that

By |2019-04-13T23:09:17-04:00December 21st, 2017|Holiday, Supply Chain|0 Comments

Key Guiding Principles for Getting a Better Handle on Implementing Artificial Intelligence (AI) in Supply Chain Management

The role of Artificial Intelligence (AI) in business activities has again emerged as a hot topic for 2017 and 2018. In fact, Gartner predicts by 2021, 40% of new enterprise applications will include Artificial Intelligence Technologies, where AI and Machine Learning promise to solve a plethora of problems faced by enterprises today, from better decision making to increased efficiencies and cost savings.

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