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Optimizing and What-if Scenario Planning: What’s Working, What’s New

Is it time to re-evaluate how we fine-tune supply chain schedules, and plans? Feb. 21 MESA Smart Manufacturing Community will discuss.

Julie Fraser - February 13, 2024

Supply Chain Optimization
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Supply Chain OptimizationIn this time of uncertainty and new technologies, is it time to re-evaluate how we explore and fine-tune our supply chain forecasts, schedules, and plans? For decades, optimization and what-if planning have been in place in manufacturing supply chains. We’ll discuss new possible approaches and what we have seen working.

  • Are traditional algorithmic and simulation approaches to optimization still working with the current volatility and uncertainty?
  • Have you used digital twins for your supply chain? How is that working?
  • Are you optimizing at all levels: strategic, tactical, and operational? Are some more effective than others? Are there barriers?
  • Are machine learning and related advanced analytics helping with optimization?
  • Do you see a role for Generative AI or other new approaches?
  • Beyond technologies, are there new processes, and mindsets needed for optimization and scenario planning?

Join Julie Fraser as she facilitates the MESA Smart Manufacturing Community Smart Connected Supply Chain Group discussion on February 21st at 11am EST. Come share your experiences, stories, questions, and what you have learned in a safe, non-commercial environment. We seek to understand the state-of-the market, understand what companies have done that has or has not worked, documenting questions that MESA and the community can help answer. Overall, the goal is to accelerate each participant’s learning and progress toward Smart Manufacturing. Join the discussion!

For related content, watch the previous MESA Smart Manufacturing Community discussion on Building Internal Supply Chain Visibility and Collaboration. Learn about the new consortium of 10 nations from CESMII (The US’ Smart Manufacturing Institute), what consumer products companies and retailers can do to trade more effectively and sustainably, and find out what matters most to supply chain resilience in our research.

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Filed Under: Virtual Events, Presentations & Videos Tagged With: MESA, Analytics, Simulation, Supply Chain, Optimization, Digital Twin, AI, What-if Scenario Planning, ML

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