Why We Need to Stop Ignoring Simulation for Inventory Uncertainty

Optimization is great for many things but terrible at capturing uncertainty and implementing recommendations on its own. Implementing optimization recommendations still requires a big dose of, “Well, I hope this works!” 

For years, simulation was dismissed because of performance and memory requirements. Nowadays, those barriers are gone, meaning simulations can be completed at the order and shipment level, allowing businesses to calculate true service rates for proposed supply chain states. 

Read the full article on the link below

https://www.supplychainbrain.com/articles/37862-why-we-need-to-stop-ignoring-simulation-for-inventory-uncertainty