Supply chain

Optimizing inventory management

Inventory, Overview, Supply chain / /

Does your company frequently fail to meet customer demand despite high inventory costs, and you wonder if you could do better? If your company lacks a well-designed decision-making process, the answer is “yes, you can certainly do better”! Inventory management is complex due to many interdependencies. Therefore, analytic models outperform gut feeling and rules-of-thumb in […]

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Prescriptive analytics for supply chain network design

Overview, Supply chain / /

First published in May 2021 on SCDA Blog. One of the duties I frequently performed as an operations research analyst in consulting projects was optimizing companies’ supply chain network designs. A supply chain is a network that connects suppliers with customers to procure materials, transform them into final products, and deliver these products to customers. Supply

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