What is the optimization piece of supply network optimization? Optimization is a mathematical method applied to business processes to maximize the impact of decisions. It enables businesses to minimize costs and get the most out of existing resources. For example (as was explored in the opening paragraph), if supply chain planners use the power of optimization to determine the best possible combination of factories and distribution centers to guide a product from start to inish, proits go up, costs down, and eiciency increases.
With optimization built into the supply network, planners gain a competitive advantage by harnessing the power of automation to make complex decisions exponentially faster than any human alone could. Instead of countless hours spent poring over multiple spreadsheets and wrestling to integrate data from a plethora of data sources, optimization is in a single technology designed to empower planners to make complex decisions quickly and accurately.