Decision Optimization
I recently discovered an archived “expert insight” on SupplyChainDigest from last summer on “Transportunities: What Kind of Results Can You Expect from Carrier Bid Optimization Projects” that was pretty good, but lacked advice on the right way to go about the more technical aspects of the project.The article, which noted that savings in the 5% [...]
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Just like we did in the X-emplification series, we’re going to continue with Decision Optimization as we tackle the generic questions that you should be asking every vendor, and the types of answers you should be expecting. 1. What do I have to do to get a good handle on how to make effective use [...]
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On Day 2 we talked about strategic sourcing decision optimization, the technology you need to make the right buy given the myriad of constraints you have to adhere to and the large number of costs and bids you need to take into account. Today we’re going to talk about supply chain optimization - the [...]
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As I highlighted in Questions to Ask your Optimization Vendor, not all optimization vendors are equal … and, more importantly, not all vendors that claim to have decision optimization even have it! Thus, not only is it important to know what to look for when searching for a true strategic sourcing decision optimization, it’s [...]
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In my last post, I went mental on three of the most dangerous myths out there with respect to e-Auctions. In this post, I’ll attack some of the more brain-dead myths that are out there with respect to optimization. For more great information on decision optimization, I recommend checking out the e-Sourcing Wiki [...]
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Recently, I had the pleasure to have a couple of conversations with Ajit Singh, the Founder and Director of Algorhythm, a company in Pune, India that has significant expertise in Optimization and Supply Chain Modeling. The have their own optimization engine, a set of front-ends for different types of supply chain models that can [...]
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Not all optimization vendors are equal … and more importantly, not all vendors that claim to have decision optimization even have it (as their systems barely qualify as decision support). Thus, since Emptoris just released a new version of their offering, since Iasta is coming out with their first heavy-hitting release in the next month, [...]
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Spend Analysis. Decision Optimization. Cost Modeling. Almost since the beginning, these have been the six dirty words of strategic sourcing. Study after study has found that these techniques easily save 8% to 15% for just about any organization that spends more than 500M a year, but yet, on average less than one fifth of companies [...]
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For those of you looking for a good introductory overview of decision optimization for strategic sourcing, two new resources hit the bit-stream today. First of all, there’s the “What is Supply Chain Optimization?” (Part I and Part II) podcast, part of the Next Level Purchasing’s podcast series that features [...]
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In Part I, we defined Supply (Chain) Network Optimization as the optimization of your global distribution network to minimize costs while controlling risk to an acceptable level, discussed the various costs involved in a supply chain network, outlined some of the questions you should be asking, and outlined some of the complexities associated with Supply [...]
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