Especially in the area of logistics, warehouse management and production, both a high savings potential and a better business result can be achieved through the use of statistical and mathematical algorithms.
The business benefits are manifold:
Shortening of planning cycles
Reduction of manual data entry, e.g. through default values
Improvement of forecast accuracy
Reduction of inventory
Improved service and delivery levels
Reduction of production costs
Increasing the contribution margin
Warehouse and Production Optimisation combines IBM’s leading solutions into one platform and uses advanced simulation, statistical and data mining technologies, including IBM SPSS and IBM CPLEX, to ensure meaningful and reliable forecasting and optimisation results at aggregate and detailed levels.