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Model Abstraction
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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.
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.
In production planning, you can get really far with a good rule of thumb. But a lot of potential is lost that way. We explain, how to get an awesome production plan instead of a good one.
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