One more thing about...
Heuristics
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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.
Most companies are already aware of the potential for improvement. But how can optimization potential be identified and quantified? This is where optimization comes in and helps to replace gut feeling with numbers.
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.
