Supply Chain Optimization: Driving Efficiency

Use Cases

STOCK LEVELS OPTIMIZATION

Optimize safety stock

Safety stock management and its efficiency directly impacts supply chain performance, customer experience, and turnover KPIs. Our solutions for demand forecasting quantify uncertainties, account for underbuy and overbuy costs, and find optimal inventory levels that reduce costs and maximize profits. These capabilities create a solid foundation for safety stock risk management and help to improve the effectiveness of supply chain management for consumer goods, which is greatly influenced by the levels of safety stock.

CROSS-CHANNEL INVENTORY OPTIMIZATION

Optimize ship-from-store inventory

Ship-from-store and buy-online-pickup-in-store use cases have unique challenges related to serving both digital and physical channels from the same inventory pools. Our inventory optimization software provides unique capabilities for balancing order pick rates, online availability rates, inventory replenishment service level agreements (SLAs), and fulfillment risks in real time. This helps to optimize inventory turnover and supply chain costs without compromising on the omnichannel strategy. These features help with demand planning and decision making to ensure your supply chain network is operating at maximum efficiency.

OPERATIONS PLANNING AND OPTIMIZATION

Optimize in-store inventory movement

Our inventory optimization solutions for retailers include smart tools for in-store inventory movement. These tools use predictive analytics to estimate the optimal amount of merchandise that needs to be moved from the back room to front room to avoid out of stock situations. Mobile decision support apps substantially improve customer experience and the efficiency of store operations. If you can properly manage inventory movement, then no items in your store should be out of stock and your customer will always be able to purchase from you.

SUPPLY CHAIN OPTIMIZATION PROCESS

Use intelligence tools for sourcing and distribution

Managing dozens of suppliers and distribution centers is a tough problem that requires advanced decision support tools. We build intelligent tools that use machine learning and optimization algorithms to identify the most efficient sourcing and logistics options in real time and suggest them to business users. These tools help to improve the quality of decisions and speed up the supply chain optimization process. Our supply chain management software is critical for optimizing your supply chain.

SOURCING AND TRANSPORTATION MANAGEMENT

Optimize order sourcing

Optimal order placement in an environment with multiple distribution centers and stores is a complex problem that requires near real-time combinatorial optimization. Our order sourcing software can find optimal placement schemas that minimize transportation costs and delivery times for consumer goods.

SUPPLY CHAIN MANAGEMENT

Optimize multi-echelon inventory movement

Our supply chain optimization software uses multi-step optimization algorithms, demand forecasting, and stochastic simulations to improve production planning and availability SLAs and to reduce transportation costs and inventory costs in multi-echelon environments. Our supply chain management software can really help ensure that your strategic planning is done efficiently and effectively to promote growth.

Our clients

Retail

Hi-tech

Manufacturing

Finance & Insurance

Healthcare

How our supply chain optimization technologies work

Demand forecasting

We use advanced machine learning techniques to accurately predict demand, taking into account product properties, marketing events, and market-wide signals. Accurate demand forecasting requires clean and comprehensive data; therefore, we put considerable emphasis on data consolidation and quality to achieve superior results.

Break-even analysis

Our supply chain solutions account for stock-outs, inventory turns, and holding costs to properly balance underbuy and overbuy risks. This helps to implement a sound, cost-effective risk management strategy. Our supply chain management software is ready for when you decide to implement it next.

Strategic optimization and simulations

Our supply chain and inventory management solutions use the latest optimization technologies such as reinforcement learning (RL) to identify and account for demand patterns and uncertainties, analyze billions of pricing and inventory management scenarios, and find optimal, cost-effective solutions. The management systems we can put in place, using the latest business intelligence techniques, can enhance the overall profitability of your company.

Book

Introduction to Algorithmic Marketing

Introduction to Algorithmic Marketing is a comprehensive guide to advanced marketing automation for marketing strategists, data scientists, product managers, and software engineers.

Industries

We develop supply chain optimization software for enterprises from many industries including retail, manufacturing, and healthcare

Manufacturing and technology

We build demand forecasting and inventory optimization models for manufacturers and CPG companies to help them optimize both the supply and distribution chains.

Retail and technology

We help retailers to streamline inventory management processes in warehouses and in stores. We offer unique solutions for retail such as optimization for buy-online-pickup-in-store use cases.

Healthcare

Supply chain optimization can improve hospital margins, and we help healthcare companies to accomplish this using our extensive experience in a variety of industries.

Safety stock optimization for ship-from-store

In this article, we describe the inventory optimization problem for buy-online-pickup-in-store and ship-from-store use cases and provide a case study that shows how stock levels can be optimized in real-life settings using machine learning methods.

Deep reinforcement learning for supply chain and price optimization

This article is a hands-on tutorial that describes how to develop, debug, and evaluate RL optimizers using PyTorch and RLlib. This approach can be applied to a number of supply chain problems such as stock level optimization, transportation cost minimization, and warehouse space optimization.

Multi-agent deep reinforcement learning for multi-echelon supply chain optimization

In this article, we explore how the supply chain optimization problem can be approached from the RL perspective that generally allows for replacing a handcrafted optimization model with a generic learning algorithm paired with a stochastic supply network simulator. We start by building a simple simulation environment that includes suppliers, factories, warehouses, and retailers, as depicted in the animation below; we then develop a deep RL model that learns how to optimize inventory and pricing decisions.

We provide flexible engagement options to design and build a supply chain optimization solution for your company. Contact us today to start with a workshop, discovery, or proof-of-concept (POC).

Workshop

We offer free half-day workshops with our top experts in supply chain analytics and optimization technologies to discuss your supply chain management strategy, challenges, optimization opportunities, and industry best practices.

Proof of concept

If you have already identified a specific use case that needs to be solved, we usually can start with a 4–8-week proof-of-concept project to deliver tangible results and business value.

Discovery

If you are in the stage of requirements analysis and strategy development, we can start with a 2–3-week discovery phase to identify the correct use cases for supply chain analytics and optimization, design your solution using industry best practices, and build an implementation roadmap.

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Supply chain optimization

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How our supply chain optimization technologies work

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