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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!
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.
Even experts mix up these terms and use them interchangeably. But what is the difference exactly? We figure it out in our new episode of “One more thing about..”
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