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Provide chain community design software program innovator, Optilogic introduces Stock Technique Design, a breakthrough method to stock technique that mixes simulation and optimization for unprecedented accuracy in predicting service ranges and stopping failures.
Optilogic’s Stock Technique Design is accessible at the moment in Cosmic Frog, the primary 100-percent SaaS-native provide chain design platform. Cosmic Frog leverages the ability of the cloud to run quite a few simulation eventualities to determine the best-fit stock answer.
Selections about how a lot stock to inventory and the place have a large impact on service degree. Conventional stock optimization can’t mannequin stock over time on the order and cargo degree, and makes use of abstracted, aggregated demand, lead instances, and capability knowledge.
This results in inaccurate and unactionable stock plans leading to overstocks, service failures, and misplaced revenue.
In contrast to classical stock optimization options, Optilogic Stock Technique Design:
-Eliminates the abstractions and assumptions of optimization—tune particular, related real-world controls equivalent to buyer orders, processing cargo instances, replenishment frequencies, minimal order portions, reorder factors, and expediting prices to seek out the most effective stock configuration
-Frees you from predefined price and repair definitions—outline objectives related to your individual stock technique and consider trade-offs
-Reveals stock efficiency over time so you’ll be able to forestall potential stock-outs
-Runs a whole bunch of simulation eventualities in parallel and makes use of AI to repeatedly predict higher stock options
“Stock is cash sitting round in a special kind,” stated Evrim Ertugrul, Deputy Head of the Company Logistics Division for Sumitomo Company of Americas. “The antidote is to transform this stock to “prepared cash” to protect in opposition to randomness and uncertainty. Simulating stock eventualities permits corporations to experiment in a risk-free atmosphere, offering a transparent stock goal with the fitting steadiness of trade-offs between prices and repair to hit the “bulls eye.”
“For years now, and particularly of late, stock has been given a foul identify,” stated Optilogic CEO Don Hicks. “Stock isn’t the unique sin—it’s your weapon and insurance coverage coverage in opposition to uncertainty. Stock simulation is the one method that may precisely predict stock efficiency so you’ll be able to keep away from service failures and assess price/service trade-offs to fulfill objectives.”
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