One more thing about...
Continuous Improvement
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Inventory management always seems to be trade-off between reliable production and low stock levels. By using mathematical optimization, you can have both at the same time.
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.
Optimization projects are complex and for our customers every optimization project is a journey into unknown territory. That’s why we divide our projects into 3 phases: the prototype, the minimum viable product and the fully productive product. After we have built a prototype in phase 1 and the Minimum Viable Product in phase 2, now comes the freestyle: all additional wishes and requirements are built in.
