Better Insights, Better Decisions
We all know that our business complexity is increasing. We serve a more diverse customer base, with constantly changing expectations. We collect vast amounts of data in search of the best ways to serve these customers. The changing world around us throws even more complexity into the mix, from the growth in e-commerce to the dramatic impacts of a covid world.
This diversity in buying behaviors is driving the demand to manage a far more complex supply chain for materials and finished products, as well as new logistics strategies and methods to meet the expectations of faster, last mile delivery.
Constrained optimization has long been a powerful approach to solve an array of problems using applied mathematics to drive better business decisions. Constrained optimization is a perfect solution whenever there is a requirement to allocate or prioritize scarce or important resources within a dynamic and complex environment.
In simple terms, constrained optimization guides you to decide how to do more with less, or how to use less to do more.
This Exec Brief offers an overview of how you can use Constrained Optimization to drive better business decisions that fuel bottom line results.