10 Ways to Buffer Supply Chain Risk

In today’s highly globalized economy, no country can remain isolated or insulated from the outside world. The world is so interconnected that one hiccup can cause a myriad of issues downstream.

Tools of the Trade: National Puzzle Day, Probability and the Board Game Risk

National Puzzle Day is January 29th. It is a day Arkieva celebrates because the ongoing challenge of smarter supply chain decisions involves supersized puzzles and games. This year we will focus on probabilistic forecasting using the board game Risk.  This blog will show how Monte Carlo Simulation can be used to estimate the average number of “wins”, but critically the range of possible “wins” across some interval.

By |2022-09-20T08:22:58-04:00January 25th, 2022|Supply Chain Optimization|0 Comments

Optimization and Effective Use of Space – COVID-19 Challenges

For most involved in Supply Chain Management, optimization is viewed as one of the three primary methods to create a supply or central plan that matches or balances assets with demand. Historically effective use of space involved minimizing unused space or maximizing revenue from a fixed amount of space. COVID-19 has upset the social order.

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