Why Simulation is a Must for Optimization-based Scenario Planning

In the age of Big Data, corporate leaders have more power at their disposal than ever before. Meanwhile, globalization has increased the number and quality of competitors fighting for the same customers. There is enormous pressure on planners to achieve economical, efficient strategies that increase return on investment with as little risk as possible. In the past, intuition was a planners’ tool of choice, but most today are tech savvy enough to have moved onto better techniques. With the sheer number of variables to consider, there are not enough hours in the day to cope with the resultant information overload.

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8 Data Requirements for Advanced Logistics Planning

As I began to write about advanced logistics planning, the first thing that popped into my head, literally, was “damn motorcycles.” I’m currently at 35,000 feet, flying home after a couple of weeks with my wife visiting relatives and friends in Thailand. My mother-in-law’s home in central Bangkok used to be on a quiet, dead-end street (“soi” in Thai). At least, that was until about 10 years ago, when a major Asian parcel delivery company determined (somehow) that the best location for their Thai head office was further in our soi!

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Sequential Planning is Out. Global Planning is In.

This blog post is the fourth in a series of posts on Integrated Business Planning. This post also builds on the concepts defined in a previous post done by Carlos Centurion on “Moving Along the Analytics Maturity Curve."

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Supply Chain Brief