THE OPTIMAL ROLE OF OPTIMAL INVENTORY IN SUPPLY CHAINS AND BUSINESS

Supply chain logistics is a field full of difficult and complex tradeoffs. The root word for logistics is logic, meaning based on facts, clear rational thought, and sensible reasoning. The root word for “logic” is “ logos ”, meaning Word, divine reasoning, or wisdom from God. Optimization is the process identifying an objective function, constraints, and the solution that satisfies the constraints and objective function. The RIGHT answer for each supply chain logistics tradeoff we face will be found using data, optimization, logic, and logos.

WHAT IS “RIGHT” ?

Page 6

Copyright and Confidential | All Rights Reserved

RightChain™ Incorporated