The Importance of Product Mix in Capacity Planning
When engaging in capacity planning, it is important to consider the product mix and seasonality of your business to ensure an effective and accurate outcome.
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.
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.
Optimization Puzzle: Who’s Guilty? Dormouse, March Hare or Mad Hatter?
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
The ROI Challenge for Supply Chain Projects: Lessons from The Trenches by an Aging Jedi Knight
The director of Supply Chain (or inventory, manufacturing, analytics, customer order fulfillment, etc.) has pulled together a cross-discipline team to identify potential enhancements in managing the demand-supply network (DSN) that will result in improved business performance. Typically, these enhancements focus on better coordination and more intelligent decision with respect to matching assets with demand across