Optimization in Supply Chain Planning and Management

Download our report to learn best in class advances and techniques for optimizing supply chain planning and scheduling processes.

Utilizing Innovative Optimization Methodologies to Solve Complex Supply Chain Problems

The latest advancements in integrating optimization technology with evaluation techniques that model the complex supply chain environment have contributed to enabling improved and more focused decisions by the diverse set of managers involved in extracting the most value from the supply chain. Expected benefits from these improved decisions include: increased throughput, reduced inventories, lower supply chain costs, increased return on assets, greater customer satisfaction, and reduced lead times. OptTek Systems, Inc., a leading software and consulting services firm, offers state-of-the-art optimization solutions to address the most complex supply chain business problems.

This paper begins with a discussion of recent advances in the area of integrating optimization technology and evaluation techniques to model complex supply chain environments and the resulting benefits. Next, the OptTek Systems approach is presented as an extremely effective means to address and solve supply chain scheduling problems. The paper concludes with a specific business example in the purchasing realm and a depiction of the improved results after employing OptTek’s optimization methodologies.

Please complete the form at the top to download our 3 page white paper.

More Optimization White Papers

Tabu Search

Tabu Search, also called Adaptive Memory Programming, is a method for solving challenging optimization problems in the fields of business, engineering, economics and science. Everyday examples include practical applications in resource management, financial and investment planning, healthcare systems, energy and environmental policy, pattern classification, biotechnology and a host of other areas. Tabu search has emerged as one of the leading technologies for handling real-world problems that have proved difficult or impossible to solve with classical procedures.

Optimizing AI/ML Hyperparameters with SimWrapper and OptQuest

Download our report to see how SimWrapper and OptQuest can be used to optimally tune hyperparameters for your AI/ML models.