Simulation and optimization are two terms that are often used almost synonymously. Yet they are two fundamentally different techniques. Our new episode “One more thing about…” explains the difference.

The management of complex production networks is demanding. Often, the necessary transparency is lacking to coordinate demand and production capacities in such a way that goods availability and production costs are in an optimal relationship. How production networks work and how they can be optimized with the help of advanced analytics is what our colleague Marc Johann talks about in his premiere as the second host of “One more thing about…”. Enjoy!

If we talk about optimized planning, we generally distinguish between three planning horizons: operational planning, tactical planning, and strategic planning.
Let’s have a closer look at strategic planning and what it is about.