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!

Optimization projects are complex and for our customers, every optimization project is a journey into uncharted territory. How can we make sure, that our projects are going in the right direction? We divide our projects into 3 phases: the prototype, the minimum viable product and the fully productive product. After the prototype in the last video, let’s see why we have phase 2 for the minimum viable product.

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.