Supply Chain session #2 - Systems Analytics Global Leaders' Seminars: Professor Stefan Minner, Technical University of Munich

Key Notes

Data Driven approach to strategic inventory placement in multi-echelon network

• Gartner Analytics offering

• Future + Predictive Analytics
• Data Driven inventory management
• Integrated tasks (Forecasting + Optimization)
• Product shelf life, persishable goods

• Forecasting + Optimization in an integrated way

• Pricing challenges in retail
• Demand profiles

• Data driven optimization
• Setting inventory levels
• Forecasting inventory level
• Competitor prices

• Holding cost vs unsatisfied demand

• Regression
• Multivariate regression
• Linear programming
• Mixed-integer programming model

Books

Scheduling in Supply Chains Using Mixed Integer Programming

Link2, Link3, Link4

Keep Thinking!!!