Resilience by Design: The Power of Simulation in Supply Chain Strategy
Logistics Viewpoints
FEBRUARY 20, 2024
Supply chain network design (SCND) is a powerful tool for improving business operations. Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. It can be used to solve a wide variety of supply chain problems. But it has gaps. Simulation techniques can fill those gaps and allow for a more holistic view of a company’s supply chain.
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