Tag Archives: Optimization Software

Can Standardization and Customization Co-exist?

When selecting enabling software for supply chain scheduling and planning there are typically two competing forces:  On one hand there is a strong push for standardization, typically driven by the IT organization. On the other hand there is an equally strong need for flexibility and targeted solutions that capture the unique aspects and requirements of …
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Are You a Leader in Improving Your Business Results?

Profit Point has been helping companies apply mathematical techniques to improve their business decisions for 20 years now, and it is interesting to review some of the advances in technology that have occurred over this time that have most enabled us to help our clients, including: • The ability for companies to capture, store and …
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The Future of Supply Chain Network Design

Profit Point’s recent article in Industry Today, “The Future of Supply Chain Network Design,” describes how to fully leverage the new advances in a traditional supply chain optimization process to include not only your internal supply chain, but the supply chains of your competitors, as well. Supply chain network design optimization tools have become well …
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A New Tool for Evaluating Water Risk in Supply Chain Planning

In developing a supply chain network design there are many criteria to consider – including such factors as the impact of the facility choices on • Cost of running the system, • current and future customer service, • ability to respond to changes in the market, and • risk of costly intangible events in the …
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Supply Chain Optimization for Real Time Order Fulfillment

In their recent article in Industry Week, titled “Is Forecasting the Weakest Link in your Supply Chain?”, Profit Point explains how Supply Chain Optimization is breaking new ground. By bringing state-of-the-art optimization techniques to customer order fulfillment and execution leading companies are making significant inventory reductions and no longer relying on old and expensive technique …
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The Northern Sea Route – A New Link in the Global Supply Chain

Many of our activities at Profit Point are focused on helping clients in identifying and implementing changes that improve the efficiency of existing supply chain networks, ranging from planning to operations and scheduling.  In the short term we are usually trying to find ways to use existing capabilities more effectively, but as you look out …
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Insourcing or Outsourcing Your Supply Chain Optimization?

Recently I had the opportunity to speak to an operations management class for MBA students in the Goizueta Business School at Emory University.  The class is intended to give the students an introduction to a variety of problems that they might encounter during their careers, and to management science techniques that might be applied to …
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Automated Application Testing and Sensitivity Analysis

In the recent weeks, I have been thinking about testing our applications, like our popular Profit Network, or Profit Vehicle Planner.  When we test, we run data sets that are designed to stress the system in different ways, to ensure that all the important paths through the code are working properly.  When we test, our …
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Supply Chain Network Design Software Delivers Total Delivered Cost

Profit Point, a leading supply chain optimization firm, adds total delivered cost and margin at the customer location-product level of detail to its supply chain network design software. Profit Point, the leading supply chain optimization consultancy, today announced the release of an update to Profit Network™, a supply chain network design software that is used by supply …
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Margin-Based Supply Chain Optimization

This month’s IndustryWeek features an article by Alan Kosansky and Ted Schaefer entitled Margin-based Supply Chain Optimization. “To effectively implement margin-based supply chain optimization, it is important to have three key components in place: data, optimization technology and alignment with strategic business objectives. Margin-based supply chain optimization is a new business process based on two …
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No Doubt a better process for testing an application

Building applications, especially custom ones, carries with it the burden of answering the question: Does this do what the customer wants? With complicated systems with many interacting features and business rules, answering this question can be daunting. In fact, evaluating the answer can be daunting too, from the perspective of the customer. Having the sales …
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Supply Chain Smooth Sailing (Scheduling)

In a recent sailing trip to Croatia, we lost our sailboat.   Sounds outrageous, but it really wasn’t difficult at all.  It was early evening when we anchored in the harbor and took our dinghy to shore for dinner.  A few hours later, seeing the wind pick up, we returned to the spot where we thought …
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