As a non practitioner, you may have heard jargons like Mixed Integer programming, Integer programming etc. when interacting with your modeling team. This post intends
Many commercial Supply Chain packages (like Llamasoft) don’t allow you to define different price for the same product. If you are developing a model to capture
We know that single period Strategic Supply Chain Network models are kind of snapshots whereas Inventory decisions have dynamic effects which make it challenging to
Defining an Inventory policy has become a strategic exercise in today’s competitive landscape. Organizations have plethora of product mixes these days which tend to make the process of defining
A crucial first step before you embark on your inventory optimization journey is to define your inventory policy. Typically, an organization will have a gamut of
Why Operations Research is still Relevant.
Supply Chain Network Modeling: Art or Science?