Tag: mathematical optimization

Inventory management for perishable products is a challenge for many industries, such as food manufacturing, grocery wholesale and retail, and pharmaceuticals. For example, excess stock levels of dairy products, meats, fruits, vegetables, medicines, and even beer, to name a few, are all subject to expiration, “best before” dates, or important milestones in product lifecycle (e.g., […]

Unpredictable events such as the global pandemic, Brexit, the Suez Canal, and Ukraine highlight the importance for robust, stress-tested, and agile supply chain (SC) networks. Such large scale and disruptive events level the field and affect all industry players. Consequently, businesses that are quicker and more efficient to adapt to new circumstances gain market share […]