Optimizing your supply chain involves looking at the entire process, and not just the initial solution. Here’s an example of how.
Use this example as a starting point to understand the different optimization methods, and when optimization is helpful in supply or central planning.
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.
Naturally, supply chain optimization in supply planning can feel counterintuitive. Here’s why you should combat that feeling to create the best plan possible.